Samsung hits $1T valuation as AI chip demand surges
samsung reached a $1 trillion valuation on wednesday after shares surged over 10%. the milestone follows an earnings report with profits up 800% year-over-year, driven by high demand for high-bandwidth memory (hbm) chips essential for ai infrastructure. apple is also reportedly in talks with samsung to manufacture chips on u.s. soil.
Samsung joined the trillion-dollar valuation club on Wednesday as shares jumped more than 10%, driven by soaring demand for AI hardware. The company reported profits eight times higher than the previous year, fueled by High-Bandwidth Memory (HBM) chips essential for AI data centers. Reports indicate Apple is negotiating with Samsung to manufacture chips in the U.S., potentially diversifying its supply chain beyond TSMC. Samsung faces rising competition from SK Hynix and looming labor strikes as workers demand a share of the AI windfall.