News Summary

• Every company building AI right now needs chips, and Samsung makes the memory chips that power those AI systems.
• Demand is surging while supply struggles to keep up, pushing prices higher and boosting Samsung’s profits.
• Reports came out yesterday that Apple has been in talks with both Samsung and Intel to manufacture chips for Apple devices on U.S. soil.
• Samsung still faces headwinds.
• Workers are threatening an 18-day strike later this month, demanding a bigger slice of the AI-driven profits.