Samsung chip division's single-year profits beat its past 40 years of profits, combined, due to increased memory and storage prices — Samsung passes Nvidia to become most profitable company in the world, notches 19x quarterly increase in profit
www.tomshardware.com
DS president Kim Yong-Kwan told staff the unit's 2026 operating profit will top everything it has earned since Samsung entered the memory business.
  • manualoverride@lemmy.worldEnglish
    2·
    4 months ago

    If history has taught us anything, Samsung will soon cut 5,000 jobs as part of “essential restructuring”.

    • manualoverride@lemmy.worldEnglish
      2·
      4 months ago

      This was supposed to be satire but I just saw 10 days ago they laid off or notified intended dismissal of 1,000 people.

      Yay for capitalism!

  • WesternInfidels@feddit.onlineEnglish
    2·
    4 months ago

    Contract prices for DRAM and NAND have risen steeply through 2026 as AI server demand outran supply, pushing memory makers toward 40% to 50% operating margins on NAND in the first half of the year.

    So, does that sound like a functioning market?