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Five leading memory chip suppliers together made more operating and net profit last quarter than five big US technology companies, Nikkei Asia reported on Saturday, the first time that has happened. Only the article's opening was readable; Nikkei's related coverage puts SK hynix's quarterly profit up sevenfold and Samsung's at a record.
The same day, Sam Altman met about 50 executives from Samsung's electronics, finance and biotech affiliates in Yongin, south of Seoul, to talk about memory supply and AI infrastructure, The Edge reported.
Memory is about a third of data center spending, and OpenAI already has a deal for Samsung to supply its Stargate project.
The chief executive of the world's best-known AI company is now traveling to his suppliers, where the profit is.
Memory makers out-earned five of the biggest US tech companies, and Altman flew to Samsung
Five leading memory chip suppliers together made more operating and net profit last quarter than five big US technology companies, Nikkei Asia reported on Saturday, the first time that has happened. Only the article's opening was readable; Nikkei's related coverage puts SK hynix's quarterly profit up sevenfold and Samsung's at a record.
The same day, Sam Altman met about 50 executives from Samsung's electronics, finance and biotech affiliates in Yongin, south of Seoul, to talk about memory supply and AI infrastructure, The Edge reported. Memory is about a third of data center spending, and OpenAI already has a deal for Samsung to supply its Stargate project. The chief executive of the world's best-known AI company is now traveling to his suppliers, where the profit is. SourcesBB
Sources
- BMemory chip makers outearn Alphabet, other tech giants (Nikkei Asia)asia.nikkei.com
- BAltman meets Samsung executives (The Edge Malaysia)theedgemalaysia.com
This story ran in the Morning Brief of November 1st 2026.