Samsung Electro-Mechanics eyes growth opportunities amid AI boom
The chief of Samsung Electro-Mechanics on Monday highlighted business opportunities in the artificial intelligence (AI) era, saying the market has significant room for growth as the industry expands. "The current AI industry is just January 1," Chief Executive Officer (CEO) Chang Duck-hyun said at a ceremony marking the 53rd anniversary of the company's founding, suggesting that the industry…
Samsung Electro-Mechanics, a subsidiary of Samsung Electronics, is eyeing growth opportunities in the rapidly expanding artificial intelligence (AI) industry, according to the company's CEO, Chang Duck-hyun. In a speech marking the 53rd anniversary of the company's founding, Chang emphasized that the current AI market has significant room for growth, despite concerns over its long-term profitability.
As the AI industry is still in its early stages, the company sees unprecedented growth opportunities emerging across its core businesses, including multilayer ceramic capacitors (MLCCs) and package substrates, which are essential components for AI servers and data centers. This year alone, Samsung Electro-Mechanics has signed a series of long-term supply agreements worth a combined total to provide these key components for AI servers, indicating a strong demand for its products and technological expertise in the AI era.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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