Samsung Electronics, the world's largest memory chipmaker, has forecast a massive 19-fold increase in second-quarter operating profit compared to the same period last year, driven by sustained demand for memory chips in AI applications.The company's April-June operating profit is estimated at 89.4 trillion won ($58.4 billion), a 1,810% year-on-year rise.

This surge follows global demand for advanced memory chips used in data centers for AI, which has already pushed South Korean semiconductor giants to record profits.However, the company's shares fell 7% in morning trade, with concerns about the sustainability of this profit growth.Analysts note that while current demand is secured through 2027, long-term uncertainty remains.Samsung's new chip fabrication hub investment with SK hynix, totaling 800 trillion won, adds complexity to maintaining profitability.The article also highlights debates over tax revenue from tech giants and their impact on housing, startups, and the marriage market.Despite challenges, Samsung's performance could position it as a global manufacturing leader if it sustains this growth.