Artificial intelligence inspires Samsung: the leap of profits for fifteen times

Artificial intelligence inspires Samsung: the leap of profits for fifteen times

Samsung revolutionizes the electronics market - a leap in profits with signal effect

by Katharina Müller

05. October 2024, 9:15 a.m.

The technology world is head: Samsung, the giant operating from South Korea, has once again proven that innovation and quality are the cornerstones of its success. The electronics group recorded a significant leap in profits that makes the entire industry take notice. A success that can be attributed primarily to the increasing demand for artificial intelligence. What does this groundbreaking step mean for the future of the electronics industry?

When we take a look at the numbers, the scope of the success becomes clear: the operational profit has increased by more than fifteen times compared to the previous year. Samsung expects a profit of 10.4 trillion WON, which corresponds to around 7 billion euros. This massive increase illustrates the strong position that Samsung takes up in the area of memory chips, smartphones and televisions. Sales are expected to increase by 23 percent and at 74 trillion WON, which corresponds to 49.6 billion euros. A revolutionary step in the business development of the company.

The core of success lies in the increasing demand for chip, which is driven in particular by the need for semiconductors. Samsung is a leader here with its state-of-the-art technology and delivers chips with a high bandwidth that are decisive in the development and operation of AI platforms. The electronic giant thus sets standards for the entire industry and shows that innovation is reflected in rapidly growing profits.

Another milestone on the way to the success of Samsung was the reconquest of the top position in the smartphone market in the first quarter of 2024. This success underlines the strong position of the company in global competition and shows that Samsung is also ahead in the highly competitive smartphone segment.

As one of the leading electronics groups, Samsung sets a clear signal to the industry with his leap in profits: innovation, quality and technology leadership are the key to success in the modern world of electronics. A success that will not only shape Samsung, but the entire industry.

What does the future bring for Samsung and the electronics industry? This question will be pursued in the coming months and years. In any case, Samsung remains a company that sets standards and drives the industry ahead with its innovations.

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