Samsung Electronics Co.’s chip unit beat expectations with a more than five-fold profit gain in profit, a healthy signal for an artificial intelligence spending wave that’s triggered a surge in memory demand. Its net income came to 19.29 trillion won, beating estimates of 15.1 trillion won. Samsung also said it would buy back 3.57 trillion won of its shares, and announced a special dividend payout that raises its fourth-quarter payout to 3.75 trillion won. Memory manufacturers are reallocating production lines toward lucrative HBM to satisfy the needs of AI data centers. Samsung is close to obtaining certification from Nvidia for the latest version of its AI memory chip.

Source: The Hindu January 29, 2026 02:24 UTC