Samsung profit soars 19 times but shares slump 6.9% on oversupply worries

Samsung Electronics continues to ride the AI boom to massive profit increases but concerns are increasing over a potential glut of memory chips. © ReutersKIM JAEWONJuly 7, 2026 09:30 JSTUpdated on July 7, 2026 16:33 JSTSEOUL -- Samsung Electronics' operating profit soared more than 19 times to 89.4 trillion won ($58.

4 billion) in the second quarter from a year ago, the company said on Tuesday, as a memory chip shortage continues due to rising demand for artificial intelligence computing, but the announcement failed to calm investors nervous that the good times may not last. SEOUL -- Samsung Electronics' operating profit soared more than 19 times to 89.4 trillion won ($58.

4 billion) in the second quarter from a year ago, the company said on Tuesday, as a memory chip shortage continues due to rising demand for artificial intelligence computing, but the announcement failed to calm investors nervous that the good times may not last. SEOUL -- Samsung Electronics' operating profit soared more than 19 times to 89.4 trillion won ($58.

4 billion) in the second quarter from a year ago, the company said on Tuesday, as a memory chip shortage continues due to rising demand for artificial intelligence computing, but the announcement failed to calm investors nervous that the good times may not last. Read NextSemiconductorsSouth Korea to create future fund from chip windfallTechnologyApple to launch 5 new iPhone models to gain market share amid memory crunchSemiconductorsKioxia starts shipping next-gen memory as technological lead shrinksEconomySouth Korean exports in June soar past $100bn for first time on chip demandArtificial intelligenceQualcomm challenges Nvidia's AI grip with chip that ditches HBMSemiconductorsChina chip material makers battle Japan rivals for $73bn marketLatest on SemiconductorsSemiconductorsJapan AI chip startup taps Malaysia's Oppstar to gear up for productionSemiconductorsSouth Korea to create future fund from chip windfallSemiconductorsKioxia starts shipping next-gen memory as technological lead shrinks Read Next Read Next SemiconductorsSouth Korea to create future fund from chip windfallTechnologyApple to launch 5 new iPhone models to gain market share amid memory crunchSemiconductorsKioxia starts shipping next-gen memory as technological lead shrinksEconomySouth Korean exports in June soar past $100bn for first time on chip demandArtificial intelligenceQualcomm challenges Nvidia's AI grip with chip that ditches HBMSemiconductorsChina chip material makers battle Japan rivals for $73bn market SemiconductorsSouth Korea to create future fund from chip windfall SemiconductorsSouth Korea to create future fund from chip windfall TechnologyApple to launch 5 new iPhone models to gain market share amid memory crunch SemiconductorsKioxia starts shipping next-gen memory as technological lead shrinks EconomySouth Korean exports in June soar past $100bn for first time on chip demand Artificial intelligenceQualcomm challenges Nvidia's AI grip with chip that ditches HBM SemiconductorsChina chip material makers battle Japan rivals for $73bn market Latest on Semiconductors Latest on Semiconductors SemiconductorsJapan AI chip startup taps Malaysia's Oppstar to gear up for productionSemiconductorsSouth Korea to create future fund from chip windfallSemiconductorsKioxia starts shipping next-gen memory as technological lead shrinks SemiconductorsJapan AI chip startup taps Malaysia's Oppstar to gear up for production SemiconductorsSouth Korea to create future fund from chip windfall SemiconductorsKioxia starts shipping next-gen memory as technological lead shrinks Sponsored Content Sponsored Content