Samsung’s profits soar, but delays in its Nvidia AI chip race allow SK Hynix and Micron to take lead in high-bandwidth memory – Micron Technology (NASDAQ:MU), SK Hynix (OTC:HXSCF)

samsung electronics SSNLFSouth Korea’s largest company reported net profit of 9.78 trillion won ($7.1 billion) for the September quarter, and operating profit of its chip division of 3.86 trillion won ($2.8 billion).

Mobile chip sales declined due to inventory adjustments, but demand for artificial intelligence and data center servers remained strong.

Samsung delays NVIDIA NVDA AI memory chip certification allows competitor SK Hynix HXSCF and Micron Technology, Inc. Mu Read high bandwidth memory.

SK Hynix recently recorded a record profit of 7.3 trillion won, putting pressure on Samsung in the rapidly evolving memory chip market.

Read next:

Image via Shutterstock

Disclaimer: This content was created in part using AI tools, and reviewed and published by editors at Benzinga.