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Net profit for the three months ended March jumped to 47.22 trillion won (US$31.8 billion) Operating profit jumped more than eightfold to 57.23 trillion won from 6.68 trillion won.
Samsung's Q1 net profit surged fivefold to 47.22 trillion won, driven by AI chip demand.
KEY POINTS
- Samsung began world-first production of HBM4 chips in February and plans HBM4E sample launches next quarter.
- 2024 HBM chip production is fully booked, and sales are expected to more than triple year-on-year.
- A proposed 18-day general strike by 75,380 unionized workers could disrupt Samsung's chip production.
- Samsung is considering multiyear supply contracts to stabilize pricing and buffer against cyclical downturns.
COMPANIES
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