SamsungElectronics released a report on Tuesday saying that the development of artificial intelligence technology is driving the development of computer memoryChip MarketThe South Korean semiconductor and smartphone giant said operating profit for the January-March quarter reached 6.6 trillion won (about 4.8 billion U.S. dollars), far higher than 640 billion won (about 465 million U.S. dollars) in the same period last year.
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The report showed that the company's revenue increased by nearly 13% to 71.9 trillion won (about 52 billion U.S. dollars), mainly benefiting from rising memory chip prices and strong sales of its flagship Galaxy S24 smartphone.
The company's semiconductor business achieved an operating profit of 1.91 trillion won (about US$1.38 billion), marking the company's first quarter of 2022.firstAs the chip market continues to recover from a cyclical downturn caused by the COVID-19 pandemic and rising global trade tensions, Samsung expects the memory chip market to remain strong in the coming months, benefiting from the expansion of AI technology, increasing demand for traditional chips used in servers and advanced chips that process AI, including high-bandwidth memory.
For its smartphone business, the company will continue to focus on boosting sales of its flagship Galaxy S24, which integrates several new AI-driven features, including real-time translation of phone calls in 13 languages and 17 dialects.
Samsung will use AI technology to provide users with a smarter and more convenient experience, give products more functions, and help the company continue to grow in the semiconductor and smartphone fields.