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NewsWPLG Local 10 – Main FeedJuly 30, 2026Miami-Dade

Samsung and SK Hynix Report Record Profits Driven by AI Demand

Samsung Electronics and SK Hynix have both announced record-breaking quarterly profits. The financial growth for these South Korean chip manufacturers is attributed to the global surge in demand for artificial intelligence technology.

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Why It Matters

The record earnings of these major memory chip producers reflect the current global market trend where AI development is significantly increasing demand for specialized hardware.

Key Facts

  • Samsung Electronics reported a record operating profit of 89.5 trillion won ($62 billion) for the April-June period.
  • SK Hynix reported record earnings one day prior to Samsung's announcement.
  • The profit growth for both companies is linked to the global artificial intelligence boom.
  • Samsung and SK Hynix are identified as the world's two largest memory chipmakers.

Who's Mentioned

personKim Yong-beom“Chief policy adviser to President Lee Jae Myung.”organizationSK Hynix“Crosstown rival to Samsung and major memory chip producer.”personKim Jaejune“Executive of Samsung’s memory chip division.”organizationSamsung Electronics“South Korean technology giant reporting record operating profits.”personLee Jae Myung“President of South Korea.”organizationChangXin Memory Technologies“Chinese memory chipmaker.”