Samsung achieves record profits amid AI growth
Samsung Electronics announced record profits for the second quarter of 2026, with net earnings reaching 71.62 trillion won ($49.6 billion), marking a 1,300 percent increase compared to the same period last year. This surge was driven by strong demand for semiconductors used in artificial intelligence applications. The rising demand in the chip market, especially for memory products, contributed to boosting the company's profits, and this trend is expected to continue into the second half of the year. Despite the significant profit increase, the company's shares experienced declines due to concerns over rising costs and potential competition from China. Meanwhile, Samsung continues to expand its production capacity to strengthen its position in the global artificial intelligence and semiconductor markets.
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