Samsung Electro-Mechanics eyes growth opportunities amid AI boom

SEOUL, Nov. 2 (Yonhap) -- Samsung Electro-Mechanics Co.'s CEO, Chang Duck-hyun, emphasized the potential growth in the artificial intelligence (AI) industry during a ceremony marking the company's 53rd founding anniversary. The AI sector is in its infancy, despite concerns over long-term profitability, according to the CEO. Samsung Electro-Mechanics, a unit of Samsung Electronics, has capitalized on the AI boom by securing multiple long-term supply agreements for key components like multilayer ceramic capacitors (MLCCs) and package substrates for AI servers.

The company has signed eight agreements worth over 5 trillion won (US$3.7 billion) this year, covering silicon capacitors, MLCCs, and inductors. Chang urged employees to execute their roles effectively and transform these opportunities into tangible results.