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Samsung loses lead to SK Hynix amid AI demand surge
Samsung Electronics, a leading name in memory semiconductors, has seen its standing diminish.
The company has fallen behind SK Hynix in high-bandwidth memory (HBM) production, leading to a significant drop in profits and a decrease in market value of about US$126 billion, according to S&P Capital IQ.
Memory chips are vital for data storage in devices like smartphones and laptops, an area where Samsung once excelled.
However, advanced AI applications now demand high-bandwidth memory technology.
SK Hynix’s strategic investment in HBM has paid off with record operating profits.
Recent Samsung developments
| Timeline |
|---|
01-Nov-2024 💻 Samsung focuses on high-value AI chips post-earnings miss
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30-Oct-2024 📉 Samsung shares plummet 32%, losing $122b to chip rivals
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22-Oct-2024 🤝 Samsung, Intel eye foundry alliance to challenge TSMC
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16-Oct-2024 ✊ Samsung India workers end strike after 37 days
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| 08-Oct-2024 📉 Samsung’s profit declines amid AI chip delays |
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