Samsung Electronics reports record quarterly earnings with operating profit jumping 750% year-on-year to 57.2 trillion won, driven by surging demand for high-bandwidth memory chips from AI data centers.
Reports indicate Qualcomm is partnering with OpenAI to develop AI processor chips designed specifically for smartphones, sending the chipmaker’s shares soaring over 13% in pre-market trading.
China’s National Bureau of Statistics reported that industrial enterprise profits rose 15.8% year-on-year in March, with strong growth in AI and semiconductor sectors as the key driver.