Credit: JUNG YEON-JE/AFP via Getty Images.

On Friday (5 July), Samsung said its operating profit for the April–June quarter is projected to be around 10.4trn won ($7.45bn), a 1,452.2%, or 15-fold, increase from the 670bn won it achieved in 2023.

Samsung also anticipates revenue of between 73trn and 75trn won for the second quarter (Q2), an increase from its 2023 Q2 revenue of 60.01trn won.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

In the past year, Samsung, the world’s largest memory chip maker, has seen a recovery in memory chip prices. The company posted record losses in 2023 as the industry emerged from the pandemic with low demand for electronics and memory chips.

Memory chip prices have increased from approximately 13% to 18% in Q2 2023. Samsung’s memory chips are used in numerous Samsung products such as computers and smartphones.

The AI chip market is estimated to be worth more than $116bn by 2030, according to GlobalData’s executive briefing on AI.

By 2030, nearly 30% of the global chip market is predicted to be made up of AI chips, according to GlobalData.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Samsung plans to unveil its Q2 statistics on 31 July.

In June, Samsung said its contract manufacturing business would offer a one-stop shop for AI chips by integrating its memory chip, foundry and chip packaging services in a bid to become market leader in AI chip delivery. 

The chip manufacturer claimed it can create AI chips up to 20% faster by having clients working with a single channel of communication for all of the manufacturing teams at once.

South Korea-based Samsung’s plan to integrate its chip supply chain anticipates growth in demand for AI chips and the need for all chip parts to be closely unified to train large swathes of data.