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Samsung Reports Record Chip Profits Amid Global Memory Shortages

April 30, 2026
1 source
CNET Services and Software
Samsung Reports Record Chip Profits Amid Global Memory Shortages

Story Summary

Samsung reported record quarterly profits of $31.72 billion, surging nearly 500% due to intense demand for memory chips driven by artificial intelligence growth. Executives confirmed total sales of current production capacity through the end of the year and warned that supply deficits will worsen in 2027, affecting prices across laptops, smartphones, and gaming consoles globally.

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