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, the electronic components unit of Samsung Electronics, is optimistic about future growth prospects amid the ongoing artificial intelligence (AI) boom. Speaking at a ceremony commemorating the company's 53rd anniversary, CEO Chang Duck-hyun emphasized the vast potential for expansion in the AI industry, which is still in its early stages despite concerns regarding long-term profitability.
The electronic components unit has been a significant beneficiary of the AI surge, signing multiple long-term supply agreements to provide critical components for AI servers. This year alone, the company inked eight such agreements, totaling a combined value of a significant amount, to supply multilayer ceramic capacitors (MLCCs) and package substrates for AI servers.
As demand for AI servers and data centers surges, driving an unprecedented increase in key component requirements and technological sophistication, Samsung Electro-Mechanics sees numerous growth opportunities across its core businesses. These opportunities extend beyond MLCCs and package substrates, as the company is poised to capitalize on the expanding AI landscape.
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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