Key facts: Samsung Reports Strong Earnings; Partners with Nvidia on AI Factory
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- Samsung Electronics reported strong earnings driven by robust demand for memory chips, with semiconductor shipments from South Korea increasing by 25% year-over-year in October.1
- Samsung Electronics is collaborating with Nvidia to build an AI factory in South Korea, utilizing over 50,000 Nvidia GPUs to boost production of semiconductors, mobile devices, and robotics.2
- Nvidia's recent comments about a potential deal with Samsung Electronics have underscored ongoing collaboration between the two companies, contributing to a 1% increase in Nvidia's stock.3