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Samsung Electronics Reports Record Q1 Profit on AI Chip Demand
Jun Young-hyun, who heads the semiconductor division, warned executives against complacency during a management briefing, calling the current chip upcycle the last golden opportunity to restore competitiveness. The world's largest memory chipmaker posted a net profit of 47.22 trillion won in the first quarter, more than five times higher than a year earlier.
May 14, 7:50 PM·1m read1 source
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Samsung Electronics Co. Vice Chairman and CEO Jun Young-hyun called on top management officials to stay vigilant amid a looming labor strike, industry sources said Friday. During a recent management briefing session, Jun Young-hyun warned against complacency as the company rides a chip market boom.
He said the industry upcycle should be viewed as "the last golden opportunity" to restore the company's fundamental competitiveness. "The time is not for complacency," he was quoted as saying, while emphasizing the need to regain technological competitiveness. 8 billion, in the first quarter.
That figure was more than five times higher than a year earlier. Strong demand for high-end memory chips used in artificial intelligence applications drove the results. Samsung Electronics is the world's largest memory chipmaker.
Jun Young-hyun heads the company's semiconductor division. The comments also coincided with the union warning of a major strike next Thursday. Labor and management remain sharply divided over performance-based bonuses tied to earnings from the company's chip business.
A file photo of Vice Chairman Jun Young-hyun was taken on April 3, 2026, in Yongin, south of Seoul. Yonhap reported all of the above details from Seoul on May 15.
