Samsung profit triples to record high as AI boom exacerbates chip shortage

Core Viewpoint - Samsung Electronics reported a significant increase in operating profit, which more than tripled to a record high of 20 trillion won ($13.98 billion) in the fourth quarter, driven by the growing demand for artificial intelligence technologies [1] Financial Performance - The operating profit reached 20 trillion won, marking a substantial increase compared to previous quarters [1] - The growth in profit is attributed to the intensified competition in the artificial intelligence sector, which has led to increased investments and demand for related technologies [1]