Samsung’s profit triples to record high as AI boom exacerbates chip shortage
Published Thu, Jan 29, 2026 · 07:19 AM
Samsung Electronics said its operating profit more than tripled to a record high in the fourth quarter, as the race to build artificial intelligence exacerbated a chip shortage and sent prices surging.
“The ongoing AI boom is expected to continue driving favourable market conditions across the industry” in the first quarter of 2026, Samsung said in a statement.
The South Korean company posted 20 trillion won (S$17.6 billion) in operating profit for the October to December period, in line with its estimate of 20 trillion won and up from 6.49 trillion won a year earlier.
It reported revenue of 93.8 trillion won (S$82.1 billion) in the quarter, up 24 per cent from a year earlier. REUTERS
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