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July 31 news, local time on Wednesday, South Korean semiconductor manufacturerSamsungSamsung Electronics released its second quarter financial report. The report shows that Samsung Electronics' total revenue in the second quarter was 74.07 trillion won (about 53.45 billion U.S. dollars), a year-on-year increase of 23.4%, higher than the average analyst expectation of 73.74 trillion won (about 51.6 billion U.S. dollars). The second quarter operating profit was 10.44 trillion won (about 7.5 billion U.S. dollars), a year-on-year increase of 1458%, higher than the average analyst expectation of 9.53 trillion won (about 6.89 billion U.S. dollars).

The reason why both revenue and operating profit were higher than expected is due to the AI ​​boom's demand for high bandwidthMemoryStrong demand for chips has directly benefited Samsung Electronics and SKHynixTop memory chip manufacturers including.

“Given that average selling prices of memory chips are expected to continue to rise in the coming quarters, we foresee Samsung Electronics continuing to achieve quarter-on-quarter profit growth until 2025,” CLSA said in a recent report on Samsung’s second-quarter forecast.

Daiwa Capital Markets analyst SK Kim mentioned in a recent report that asNvidiaIntel and other global chip manufacturers recently announced the development roadmap of AI semiconductors, and it is expected that memory prices will rise by the first half of 2025. This situation is mainly due to the surge in demand for high-bandwidth memory chips (HBM) and high-density enterprise solid-state drives (SSDs), while the extended production cycle and increased wafer usage have led to increased concerns about memory supply.

The market downturn caused by the COVID-19 pandemic and the continued decline in demand for memory chips and electronic products caused Samsung Electronics to suffer a record loss in 2023. But it was also last year that the South Korean electronics giant began to rebound as optimistic expectations for artificial intelligence technology drove up memory chip prices.

It is worth noting that Samsung has recently reportedly successfully passed the test of its HBM3 chips for use in Nvidia processors in the Chinese market. Previously, SK Hynix has been the exclusive supplier of HBM3 chips for Nvidia.

SK Hynix's quarterly earnings report released yesterday showed that the company's quarterly profit reached its highest level since the second quarter of 2018, a strong rebound from a loss of 2.88 trillion won (about US$2 billion) in the same period last year.

According to Counterpoint Research, Samsung's operating performance is expected to improve significantly in the second half of the year, mainly due to the recovery of the memory chip market and the high-end trend of smartphones.

In addition, in the latest round of AI product promotion, Samsung released new Galaxy series devices, including Galaxy Z Fold6, Z Flip6, Watch Ultra and Ring, further consolidating its leading position in the field of smart devices. (Xiaoxiao)