Samsung Electronics on Tuesday forecast that its first-quarter profit would surpass its total profit for last year and beat estimates amid growing demand for artificial intelligence infrastructure. The company also reported a significant increase in revenue from its semiconductor business, which is a key factor in achieving such results. Experts believe this indicates Samsung's strong position in the high-tech market. At the same time, the company faces competition from other chip manufacturers.
Samsung Forecasts Record Profit Amid AI Demand
Samsung Electronics forecasts first-quarter profit to surpass last year's total, beating estimates due to rising demand for AI infrastructure and increased semiconductor revenue.