While traditional markets stumbled, AI-related chip demand remains robust. Samsung’s foundry unit saw strong interest in advanced nodes for AI applications, suggesting the AI boom is real.
The Speed Bumps:
Mobile chip demand remains weak
Chinese competitors flooding the market with legacy chips
PC market recovery slower than expected
Stock down nearly 25% this year
Samsung’s betting big on AI chip demand continuing to grow in 2024, even as traditional mobile and PC markets lag. They’re particularly optimistic about server demand, driven by tech companies’ ongoing AI investments.
While Samsung’s missing broader profit expectations, their AI chip business could be their silver lining in an otherwise challenging market.
Paul Balo is the founder of TechBooky and a highly skilled wireless communications professional with a strong background in cloud computing, offering extensive experience in designing, implementing, and managing wireless communication systems.
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