Samsung Electronics reported a record third-quarter performance, driven by booming demand for AI-related memory chips. Net profit surged over six-fold year-on-year, while operating profit and revenue hit record highs, with the semiconductor division contributing nearly all of the company's operating earnings.
Apple may increase prices on some products as rising memory and storage chip costs, driven by strong AI data centre demand, squeeze margins. CEO Tim Cook said the company can no longer absorb all component cost increases, though no timeline was announced
India will see rising investments in memory chip manufacturing as demand for AI and data centre storage surges, Union Minister Ashwini Vaishnaw said. Under the India Semiconductor Mission, new fabs, design, and equipment manufacturing are planned to boost domestic semiconductor capacity
Television prices may rise from January as a global memory chip shortage and a weakening rupee drive up import costs. Industry players warn that sustained pressure from AI-driven chip demand could further impact prices despite recent GST cuts
