BackSamsung Electronics expects 19-fold profit jump driven by AI memory chip demand

Developing

BBC Business2h agoBusinessUnited Kingdom

Samsung Electronics expects 19-fold profit jump driven by AI memory chip demand

Samsung Electronics AI memory chips

Quick Look

Samsung Electronics forecasts a 19-fold increase in profits for the April-June quarter, driven by high global demand for AI memory chips.
The company expects record operating profits and sales, with analysts citing the AI boom and tight supply as key factors.

AI-generated summary

Font size

Samsung Electronics forecasts a 19-fold increase in profits for the April-June quarter, driven by high global demand for AI memory chips. The company expects record operating profits and sales, with analysts citing the AI boom and tight supply as key factors.

Read the full article on BBC Business

ITV is selling its broadcasting division to Sky for £1.6bn, a move seen as an end to an era for the 70-year-old company. The deal reflects the decline of traditional free-to-air broadcasting in the face of streaming giants, with ITV's digital revenues showing growth but not enough to offset the linear business's struggles.

Guardian Business

Developing·12h ago

Castlelake to Acquire easyJet for £5.5bn in Takeover Deal

US private equity firm Castlelake has agreed to a £5.5bn takeover of easyJet, offering £6.90 per share. The deal, which follows four previous rejections, is seen by analysts as a sign of UK firms being undervalued and bought cheaply by foreign buyers.

Guardian UK

Developing·13h ago

Hedge fund run by GB News co-owner nearly triples fossil fuel investments

Sir Paul Marshall's hedge fund, Marshall Wace, nearly tripled its fossil fuel investments to $2.8bn in Q1 2026, while cutting clean energy investments. Critics accuse Marshall of "cashing in on climate chaos" and using GB News to promote his financial interests.

Guardian UK

Samsung Electronics expects 19-fold profit jump driven by AI memory chip demand

Quick Look

Related Topics

Related Stories

Amazon Business Course Bars Breastfeeding Mother Over Child Access Policy

UK Banks Failing Vulnerable Customers with Basic Account Access, Regulator Finds

Microsoft Announces 4,800 Job Cuts and Major Xbox Restructuring

ITV's broadcasting arm sold to Sky in £1.6bn deal, marking the end of an era

Castlelake to Acquire easyJet for £5.5bn in Takeover Deal

Hedge fund run by GB News co-owner nearly triples fossil fuel investments