Samsung has started mass-producing high-performance memory chips, such as HBM3E 8H (8-layer) DRAM and V9 NAND chips, typically used in enterprise servers, AI, and cloud devices. The company also plans to produce HBM3E 12H (12-layer) chips in Q2 2024. Samsung anticipates strong demand in the second half of the year, driven by the increasing adoption of generative AI. The company recently received a $6.4 billion grant from the Biden administration to set up semiconductor factories in Texas.
Key takeaways:
- Samsung Electronics reported a 930% surge in operating profit in Q1 2024, driven by high demand for its servers, memory chips and storage used in AI applications.
- The company's total revenue rose 12.8% to KRW 71.2 trillion ($52.2 billion), and net profit rose 330% to KRW 6.75 trillion ($4.88 billion) compared to a year earlier.
- Samsung has begun mass-producing high-performance memory chips like HBM3E 8H (8-layer) DRAM and V9 NAND chips, typically used in enterprise servers, AI and cloud devices.
- The Biden administration agreed to award Samsung up to $6.4 billion in direct funding under the CHIPS and Science Act to set up semiconductor factories in Texas.