Tag: Samsung memory chip

[ad_1] Samsung Electronics Co. pledged to keep cutting memory chip production while forecasting a rebound in sales in the second half of the year, as AI demand helps global tech spending climb out of a post-Covid funk.Samsung, which on Thursday reported better-than-expected net income, said artificial intelligence will provide a boost to memory demand before the year's end. Korea's largest company plans to double its capacity to make high-bandwidth memory (HBM), a next-generation technique used to help train AI, by 2024. That outlook and commitment toward developing the new technology went down well with investors who sent its shares 2.7% higher in Seoul. The focus now is on a race with SK Hynix Inc. to develop tools vital to AI, allowing the world's two largest memory chipmakers to cap...