Chennaionline – Page 154 – Chennai News, Chennai Latest News, Breaking News Chennai, Current news in Chennai

Samsung Electronics reported record financial results for the first quarter ending March 31, 2026, with major growth in both revenue and profit. The company posted consolidated revenue of KRW 133.9 trillion (around ₹8,00,000 crore), marking a 43% increase compared to the previous quarter. Samsung also achieved an all-time high operating profit of KRW 57.2 trillion (approximately ₹3,00,000 crore). This strong performance was mainly driven by Samsung’s Device Solutions (DS) Division, particularly its memory business, which benefited from rising global demand for artificial intelligence technologies and Samsung’s strong position in the memory chip market. The growing need for advanced memory products used in AI systems, data centers, and high-performance devices played a major role in boosting profits. However, Samsung noted that earnings from its foundry business, which manufactures chips for other companies, declined during the quarter. During its Q1 earnings call, Samsung also warned that the ongoing global memory chip shortage may not improve before 2027. The company said supply challenges could even worsen in the near future due to increasing demand and production limitations. Despite these concerns, Samsung’s record-breaking results highlight its strong leadership in the semiconductor and technology sectors. The company’s performance reflects how AI-driven demand is reshaping the global electronics market while also increasing pressure on semiconductor supply chains.