Samsung’s chip profit surges 250-fold as AI memory shortages fuel demand

Samsung Electronics' semiconductor unit reported a more than 250% increase in profit, achieving an operating income of 89.2 trillion won ($62 billion) in the second quarter. This result surpassed analyst estimates of 79.3 trillion won. These results come as investors are keenly observing the profits of the world's largest memory makers, looking for evidence to justify the massive investments driven by the AI boom. However, concerns about fierce competition and potential overcapacity raise questions about the viability of these investments.