Samsung is expected to announce its next flagship smartphone with built-in generative AI next week, which could potentially boost growth. Another potential growth area is memory chips, where Samsung is the world's largest maker. The company was the first to commercialize High Bandwidth Memory (HBM) for high-performance computing, a next-generation type of DRAM that enables devices to multitask and is targeted for use in AI systems.
Key takeaways:
- Samsung Electronics reported a 35% year-over-year fall in fourth-quarter operating profit, marking the tech giant’s sixth-straight quarter of declining profits.
- The company's operating profit fell to 2.8 trillion won ($2.13 billion) in the October-December period amid weak demand for consumer electronics, which has been crimped by high inflation.
- Samsung Electronics is expected to announce its next flagship smartphone, which will be its first device with built-in generative AI.
- The company is also focusing on the growth of memory chips, specifically High bandwidth memory (HBM), a next-generation type of DRAM, a memory chip that enables devices to multitask, and is targeted for use in AI systems.