According to Samsung Electronics, the company anticipates a more than tenfold increase in profits for the first three months of 2024 compared to the same period the previous year.<\/p>\n
It happens at a time when demand for items connected to artificial intelligence (AI) is surging, and chip prices are rising after a post-pandemic downturn.
\nSamsung, a South Korean company, is the biggest memory chip, smartphone, and television manufacturer in the world On April 30, the corporation is expected to produce a comprehensive financial report.<\/p>\n
Typically, Samsung’s semiconductor business generates the most revenue for the company.<\/p>\n
This year’s robust demand for semiconductors is also anticipated, thanks in part to the development of AI technology.
\nThe 3 April earthquake in Taiwan may also restrict the supply of chips worldwide, allowing Samsung to increase prices even further.<\/p>\n
Major chipmakers such as TSMC, a supplier to Nvidia and Apple, are based in Taiwan. Samsung is also expected to get a boost from sales of its new flagship Galaxy S24<\/a><\/p>\n Although TSMC has stated that the earthquake did not significantly affect its output, there was some operational disturbance.<\/p>\n Dhs25 Billion More in new Savings Deposits are Made in the Banking Sector.\u00a0<\/a><\/p>\nAlso Read:<\/strong><\/h4>\n