Samsung Electronics anticipates a significant surge in profits, an increase of approximately 1,800%, driven by robust global demand for artificial intelligence (AI) memory chips.

• The company forecasts operating profits of 89.4tn won (£43.6bn; $58.4bn) for the April-June quarter.
• Samsung, a major South Korean technology firm, is a leading global semiconductor manufacturer.
• This projection follows two previous record quarterly operating profits and highlights the ongoing impact of the AI boom on the semiconductor industry.