Samsung’s profit jumps 19x on AI chip boom
- Jul 7
- 1 min read
Samsung’s profit jumps 19x on AI chip boom
Samsung Electronics forecast a 19‑fold year‑on‑year jump in Q2 operating profit, driven largely by surging demand and higher prices for AI-focused memory chips
Amazon plans $25B bond sale to fuel AI investments
Amazon is preparing a U.S. dollar bond sale of at least $25 billion to fund its expanding AI infrastructure and services, underscoring how capital‑intensive the AI race has become.
https://www.reuters.com/technology/amazon-aims-raise-25-billion-bond-sale-ai-investments-2026-07-07
SK Hynix targets $28B US listing to ride AI wave
South Korean chipmaker SK Hynix will launch an approximately $28 billion U.S. share listing to capitalize on global AI demand and expand its position in high‑performance memory.
https://www.reuters.com/technology/sk-hynix-launch-28-billion-us-listing-ai-boom-2026-07-07
Chinese startup DeepSeek develops in‑house AI chip
Popular AI model developer DeepSeek is building its own AI chip to reduce reliance on Nvidia and Huawei hardware, aiming for tighter control over training and deployment of its models.
Meta faces $1.4 trillion penalties push over youth safety
Meta revealed in a court filing that four U.S. states are seeking around $1.4 trillion in penalties, alleging Facebook and Instagram were deliberately designed to addict young users and mislead the public about safety.
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This post was written with the assistance of AI; while care has been taken to use reliable sources, always do your own research in case any AI-generated details are incorrect.
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