Samsung Electronics: AI drives stronger demand for servers and memory in the second half of the year, expects full-year profit to continue growing.

Samsung Electronics has announced its second-quarter financial results: revenue reached 171 trillion won, operating profit stood at 89.4 trillion won, basically in line with market expectations; net profit was 71.3 trillion won, exceeding the market forecast of 68.5 trillion won. Among them, the chip division’s second-quarter operating profit hit 89.2 trillion won. Looking ahead, Samsung Electronics stated that server chip demand will remain strong in the second half of the year, and the chip supply shortage is expected to persist, while demand for mobile and PC chips may slow down. The company expects that driven by continuous capital expenditure on AI infrastructure and broader autonomous AI applications, memory business demand will continue to stay strong, and it forecasts that profit will keep growing in the second half of the year. Additionally, the depreciation of the won brought a positive impact of approximately 3.1 trillion won on the company’s second-quarter results.