Samsung Achieves Record Profit Amid High AI Chip Demand, Announces New Texas Plant

Samsung Electronics reported a record operating profit of 89.5 trillion won ($62 billion) for Q2, a 19-fold increase, primarily due to strong demand for AI servers and high-bandwidth memory chips. The company plans to begin construction of its second semiconductor fabrication plant in Taylor, Texas, by late 2026, with operations starting by 2030, to meet the growing global AI-driven demand. This expansion highlights the critical role of semiconductors in the AI industry.