Samsung Chip Profits Soar Amid the Tech World's RAM Shortages - CNET

Our gifting experts are obsessively searching for holiday gifts that are unique, thoughtful and suitable for any budget. Our expert, award-winning staff selects the products we cover and rigorously researches and tests our top picks. If you buy through our links, we may earn a commission. Tech > Computing > Computer Accessories > Components Demand for increasing AI compute is keeping chip supply short for the foreseeable future, and Samsung is coming out ahead. Samsung executives hold 3-nanometer wafers at a fabrication plant. The company’s memory business is seeing record profits amid global shortages of chips. The world’s largest semiconductor-maker is reaping the rewards of a global memory chip shortage driven by AI demand so rapacious that it’s making everyone else miserable. Samsung said in its latest earnings report that it saw record profits, up almost 500% from the same period last year, to $31.72 billion. The figure was boosted by a nearly 50-fold increase in revenue from its chip business. The company has sold out all of its memory production capacity for the rest of this year and says that shortages, which are driving up prices of everything from laptops to smartphones t