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Samsung Electronics profits surge 1,800% annually amid artificial intelligence spending boom

Samsung Electronics profits surge 1,800% annually amid artificial intelligence spending boom
France 24 Tuesday 07 July 2026, 09:30 UTC By Charles PELLEGRIN 1 min read
Key Points

Samsung Electronics profits surge 1,800% annually amid artificial intelligence spending boom Business Issued on: 05:59 min From the show Reading time 1 min South Korean chipmaker Samsung Electronics posted record quarterly profits Tuesday thanks to the global AI infrastructure buildout coupled with a memory chip shortage. Also in this edition, oil futures rise as tensions reignite in the Hormuz Strait and Canada commits to its biggest-ever defence contract. Finally, Cuba experiences its...

Samsung Electronics profits surge 1,800% annually amid artificial intelligence spending boom Business Issued on: 05:59 min From the show Reading time 1 min South Korean chipmaker Samsung Electronics posted record quarterly profits Tuesday thanks to the global AI infrastructure buildout coupled with a memory chip shortage. Also in this edition, oil futures rise as tensions reignite in the Hormuz Strait and Canada commits to its biggest-ever defence contract. Finally, Cuba experiences its third nationwide blackout of the year as its fuel reserves dwindle. Advertising Related keywords [Image text:] AIBOOMFUELS SAMSUNG'SRECORD PROFITS OPERATING PROFIT,INKOREAN WON SAMSUNG 57.23 trillion 9.18 trillion Q3 2024 6.49 trillion Q4 2024 6.69 trillion Q1 2025 4.68 trillion Q2 2025 12.10 trillion Q3 2025 20.07 trillion Q4 2025 Q1 2026 89.40 trillion Q2 2026 Al boom fuels demand for memory chips SAMSUNG ELECTRONICS PROFITS SURGE1,8OO% BUSINESS FRANCE 24
Samsung Electronics (ORG) Business Issued (ORG) South Korean (ORG) the Hormuz Strait (LOCATION) Canada (LOCATION) Cuba (LOCATION)
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