Samsung Electronics reaches $1 trillion market cap thanks to surging demand for AI chips


The world’s largest maker of memory chips, South Korea’s Samsung Electronics, saw its valuation reach $1 trillion this Wednesday. The company’s profits have been soared thanks to strong demand for the chips used to power artificial intelligence systems. Also in this edition: French oil major TotalEnergies says it will have to scrap caps on fuel prices if it faces a windfall tax on its profits in France.

Source link

Leave a Comment