Samsung Chip Profits Soar Amid the Tech World's RAM Shortages

The world's largest semiconductor-maker is reaping the rewards of a global memory chip shortage driven by AI demand so rapacious that it's making everyone else miserable.Samsung said in its latest earnings report that it saw record profits, up almost 500% from the same first quarter last year, at $31.72 billion. The figure was boosted by a nearly 50-times jump in revenue for its chip business. The company has sold out all of its memory production capacity for the rest of this year and says that shortages, which are driving up prices of everything from laptops to smartphones to external storage devices to gaming consoles, are going to get worse in 2027.

…

Excerpt limited to ~120 words for fair-use compliance. The full article is at CNET — News.