Memory chip makers report record profits from artificial intelligence demand
Business · 13 July 2026
Written by AI from multiple news reports
Samsung and Micron, two of the world's biggest memory chip makers, have reported record profits. The main reason is strong demand for chips used in artificial intelligence systems.
Samsung's operating profit for the second quarter reached 86 trillion won, about 18 times higher than the same period last year. It was the company's third quarter in a row with record profits.
Micron's revenue grew from $9.3 billion to $41.46 billion in one year. Its net income rose from $1.89 billion to $28.24 billion. Micron's profit margin is now the highest among major US technology companies.