Samsung's stock surged more than 10% on Wednesday, reaching a $1 trillion valuation. The milestone comes after the company posted profits eight times higher than the same period a year ago in a recent earnings report.
High-bandwidth memory (HBM)—a type of chip critical to running AI systems—has dramatically improved Samsung's profit margins. The company, along with SK Hynix and Micron, is redirecting investment from consumer chip businesses to ramp up HBM production, which carries substantially higher margins.
Reports emerged that Apple has been in talks with both Samsung and Intel to manufacture chips for Apple devices on U.S. soil, a potential shift from Apple's long reliance on TSMC in Taiwan. Workers at Samsung are threatening an 18-day strike later this month, demanding a larger share of AI-driven profits.
Summaries like this, in your inbox every morning.
Pick your industry and the AI tools you use, and get news related to your work every day.
Free · 30 seconds with Google · unsubscribe anytimeWhat is AIToday? →
Ask AI anything about this article. The AI reads this article, earlier AIToday articles, and Wikipedia, and cites its sources. Q&As are published on this page for other readers too.
Supermicro Computer appointed Mark Long as chief financial officer, bringing an experienced technology finance…
Holtek Semiconductor unveiled its 2026 product roadmap on October 15, focusing on four core areas: smart prote…
TSMC reported about NT$763.1b in Q3 net profit and confirmed that demand for advanced processors is running ah…
Nvidia-backed CoreWeave steadied Thursday after a sharp slump, as investors worried about the debt financing b…
Weathernews said on October 15 it implemented its own AI weather-forecasting model, AI-Nowcast, in its Weather…
TOPPAN Holdings and Keio University ran a quantum-computer and generative-AI proof-of-concept from February 1…
