According to Fast Technology on July 7, Samsung Electronics delivered an impressive performance report in its second-quarter financial results for 2024, with operating profits increasing by 1452.2% year-on-year to a staggering 10.4 trillion Korean won, far exceeding market expectations.

Some senior figures in the semiconductor industry believe that the main reason for Samsung Electronics' exaggerated revenue and profit growth in the second quarter is that memory prices were at a low point last year.

First, Samsung Electronics' strategic adjustment in the memory chip market played a crucial role. When memory prices were depressed last year, Samsung successfully achieved stable profit growth by controlling production capacity and increasing product prices.

With the recovery of market demand this year, Samsung Electronics' memory product prices have increased multiple times, especially the significant increase in DRAM and NAND Flash chip prices, bringing substantial returns to the company.

Secondly, the rapid development of artificial intelligence technology has brought new growth points to Samsung Electronics. The surge in AI demand has pushed up the prices of high-performance memory chips, and Samsung Electronics' HBM chips have performed particularly well in this area, becoming a new source of income for the company.

In addition, Samsung Electronics' mobile phone business has also contributed significantly. In the competition in the global mobile phone market, the increase in Samsung Electronics' shipments has brought stable revenue to the company, especially after the end of the mobile phone destocking cycle, the profit contribution of the mobile phone business has increased significantly.