SK Hynix profits beat Samsung’s for first time on AI boom

• SK Hynix profit soars to a record high on AI boom, but shares drop on demand uncertainty

  SK Hynix CFO Kim Woohyun said that the outlook for memory demand in 2025 was clouded by inventory adjustments, protective trade policies and geopolitical risks.
  
  CNBC - 4h

• Nvidia Supplier SK Hynix Posts Record Profit on AI Boom

  The South Korean memory-chip maker reported record quarterly and annual results after stronger-than-expected earnings for the final quarter of 2024 on robust chip demand.
  
  The Wall Street Journal - 11h

• Samsung unveils new AI-powered smartphone in fight against Apple

  South Korean tech group hopes the S25, powered by Google’s Gemini AI models, will help it steal market share from US rival
  
  Financial Times - 19h
• 

  Taiwanese chipmaker TSMC posts 57% surge in profit thanks to the AI boom

  Taiwan computer chip maker TSMC has reported its profit in the last quarter rose 57%, buoyed by the artificial intelligence boom
  
  ABC News - Jan. 16

• Samsung’s revival still hangs on winning Nvidia’s AI custom

  South Korean group is one of only a few chipmakers with the ability to produce memory chips essential for AI applications
  
  Financial Times - Jan. 8

• Samsung’s profit estimates disappoint as it fights for Nvidia’s AI business

  Fourth-quarter earnings hit by greater investments in advanced chip manufacturing
  
  Financial Times - Jan. 8

• Samsung Expects Further Profit Growth Slowdown, Missing Estimates

  The world’s largest maker of memory chips and smartphones said sluggish demand for conventional chips used in personal computers and mobile phones weighed on its memory business for the quarter.
  
  The Wall Street Journal - Jan. 7

• Samsung Electronics banking on AI to outpace global growth in smartphones, home appliances

  Samsung Electronics plans to ramp up on-device AI, as it bets on the consumer electronics unit to exceed overall global market growth this year.
  
  CNBC - Jan. 7
• 

  Samsung spreads Vision AI across its 2025 TV portfolio

  For this year’s lineup, Samsung said that AI will come to life in more ways than just great picture quality. The company is introducing AI-backed experiences to make your day simpler, more dynamic, ...
  
  VentureBeat - Jan. 6

More from Financial Times

• ‘Gas is back in vogue’ as Trump embraces fossil fuels

  The president’s energy ambitions and the AI revolution have created a prime opportunity for cheap, around-the-clock power
  
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• China may finally put a lid on coal

  Grid upgrades are set to unlock more renewable capacity, putting the fortunes of domestic fossil fuel groups at risk
  
  Financial Times - 1h

• FirstFT: US rates could remain on hold for the ‘foreseeable future’

  Also in today’s newsletter: Davos gloom, and Trump warns Putin to reach Ukraine ‘deal’ soon
  
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• The black swans of Trumponomics

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