Samsung Shares Rise After Nvidia Announces Production of New AI Chips

Samsung Electronics shares rose following Nvidia CEO Jensen Huang's announcement that Samsung is producing Nvidia's new AI inference chips based on Groq technology. Production is underway with shipments expected in the second half of the year. Analysts anticipate Samsung's foundry division could reach breakeven by next year, despite challenges from weak mobile demand and rising memory chip prices. Additionally, AMD's CEO is scheduled to meet Samsung's chairman to discuss potential cooperation in semiconductor areas.