Samsung Electronics is anticipating an incredible surge in profits, with expectations of a 15-fold increase for the second quarter of 2024 compared to the same period last year. This spike in profitability is primarily driven by the widespread adoption of artificial intelligence, which has led to a soaring demand for advanced computer chips. As the world's largest producer of memory chips, smartphones, and televisions, Samsung's positive forecast has seen a corresponding increase in its shares during early trading in Seoul, rising by more than 2%.

In addition, the company reported a more than 10-fold jump in profits for the first quarter of this year, with expectations that profits will surpass analysts' forecasts. However, amidst this positive outlook, Samsung Electronics also faces a potential three-day strike next week, beginning on Monday, as workers demand a more transparent system for bonuses and time off.