Samsung Electronics shares rose up to 5% after Jensen Huang said the company is making new AI chips for Nvidia. This boosted hopes that Samsung’s chip making business could recover after years of losses. The new chips are already in production and are expected to be shipped later this year. Experts believe Samsung’s foundry business may break even next year, although weaker demand for mobile phones could still affect its earnings.
Samsung Shares Rise After Nvidia’s Huang Flags Tie Up on New AI Chips
