Samsung Electronics spent 29 trillion won on plants and equipment in the third quarter as AI memory demand rose. It expects demand for its AI-related chips to outpace supply through 2027.
Samsung Electronics more than doubled its spending on new plants and equipment compared with the previous quarter. It expects spending across the whole year to reach about 84.4 trillion won.
Sales of HBM4, the latest generation of high-bandwidth memory used alongside AI processors, grew significantly during the quarter. Strong server demand and higher prices helped Samsung’s memory business set quarterly records for sales and profit.
Samsung plans to focus on advanced memory and storage for AI servers, including high-bandwidth memory, server DRAM and solid-state drives. For companies building AI infrastructure, the spending signals expansion, but not an immediate end to supply constraints.
Money already spent on plants and equipment makes this more than a capacity announcement.
Samsung’s forecast of demand exceeding supply means builders should not assume that expansion will quickly ease procurement constraints.
The focus on server memory and storage underlines why AI infrastructure planning needs to extend beyond processors.
Written automatically by the Made in 10 Newsroom from the source above.
Foxconn chairman Young Liu says the company could supply 50% of the global AI server market within a couple of years. He says customers have already reserved all its production capacity for at least a year and a half.
Cohere has completed the first close of a Series E funding round targeting up to C$7bn. The Canadian government is among the new investors, but Cohere has not disclosed how much of the target is committed.
Google Gemini now lets all users generate, preview and edit documents directly in chats. PDF previewing and editing work on web and mobile, but other supported formats are web-only for now.