Workers' strikes and a gloomy forecast for its foundries take the shine off Samsung's AI-boosted revenue and profits
With an estimated 15-fold increase in operating profits, everything looks rosy for Samsung Electronics, thanks to the AI world's demand for memory chips. However, while DRAM, flash memory, and other chips are ranking in the money, thousands of workers are going on an indefinite strike and independent research predicts that its worldwide market share in chip manufacturing will tumble from 31% to just 9% by 2032.