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Industry

Samsung Electronics sees NAND, foundry join AI-driven profit engines

Samsung Electronics is seeing a shift in profit drivers in its memory business as NAND flash and its contract chipmaking unit gain traction on AI demand, following record quarterly results led by HBM and DRAM. The company says it has completed mass-production preparations for high-performance Gen6 NAND storage and received positive early customer feedback. It also says talks with multiple large AI HPC customers on its 2-nanometre process are active, with expectations of visible results soon.

Industry

Samsung Electronics posts Q1 operating profit of 57.2 trillion won, up 756 percent

Samsung Electronics said it posted record first-quarter results, with sales rising 69.16 percent from a year earlier to 133.9 trillion won and operating profit jumping 756.10 percent to 57.2 trillion won. Profit was driven by semiconductors as the DS division posted record sales and operating profit amid higher memory prices and growing demand for AI products. The company said currency moves also helped and R&D spending reached 11.3 trillion won.

AI & Enterprise

Credo to buy DustPhotonics, targets silicon photonics for AI infrastructure

U.S. data centre connectivity solutions company Credo Technology Group will acquire Israeli silicon photonics chip company DustPhotonics, Israeli media outlet Calcalist reported on April 14 local time. Credo will pay $750 million in cash and $123 million worth of stock. Credo aims to accelerate expansion in optical communications through the deal. The company also plans to reduce reliance on external suppliers and build an integrated connectivity platform across AI systems.