--- title: "Samsung’s operating profit soars 930% as AI tailwinds drive demand for memory chips" url: https://daily.dev/posts/samsung-s-operating-profit-soars-930-as-ai-tailwinds-drive-demand-for-memory-chips-x9wmk2uo0 source_url: https://techcrunch.com/2024/04/30/samsungs-operating-profit-soars-930-as-ai-tailwinds-drive-demand-for-memory-chips/ type: article source: "TechCrunch" published: 2024-04-30T16:09:10.660Z updated: 2024-05-09T09:30:38.138Z tags: ["ai", "samsung"] reading_time: 3 upvotes: 0 comments: 0 language: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Samsung’s operating profit soars 930% as AI tailwinds drive demand for memory chips **[TechCrunch](https://daily.dev/sources/tc)** · 3 min read · 0 upvotes · 0 comments ## Summary Samsung's operating profit surged 930% in the first quarter of 2024 due to increased demand for its servers, memory chips, and storage used in AI applications. The company's semiconductor business was the main driver of growth. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Similar posts on daily.dev - [Don’t just attend KubeCon \+ CloudNativeCon, Merge Forward your experience\!](https://daily.dev/posts/don-t-just-attend-kubecon-cloudnativecon-merge-forward-your-experience--l0rpp73x8) · CNCF · 0 upvotes · 0 comments - [Announcing H2 2026 KCDs](https://daily.dev/posts/announcing-h2-2026-kcds-m96goajm1) · CNCF · 1 upvotes · 0 comments - [Two months of Open Community Groups](https://daily.dev/posts/two-months-of-open-community-groups-asf52zhbs) · CNCF · 0 upvotes · 0 comments --- Tags: [#ai](https://daily.dev/tags/ai), [#samsung](https://daily.dev/tags/samsung) [View this post on daily.dev](https://daily.dev/posts/samsung-s-operating-profit-soars-930-as-ai-tailwinds-drive-demand-for-memory-chips-x9wmk2uo0)