Samsung Set to Report 160% Surge in Q4 Profit as AI Chip Demand Lifts Prices

We’re seeing a major shift in the tech world, and at the heart of it is Samsung. The South Korean giant is projected to report a massive 160% jump in its fourth-quarter profit. This isn’t due to phones or TVs, but booming demand for AI-related memory chips and rising chip prices. Samsung’s Q4 operating profit could hit about 16.9 trillion won (~$11.7 billion), its best quarterly showing since 2018.