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Samsung and SK Hynix post record profits wiping out India Inc in one quarter
Economy
Published on 12 May 2026
Their profit beats all listed India companies combined
Samsung and SK Hynix logged record profits of $59.7 billion in the March 2026 quarter, exceeding the total profit of all listed India Inc companies in any prior quarter. The windfall is linked to surging AI-related capital spending, with memory chips sitting at the core of demand—highlighting how chip supply chains are powering the next AI boom.
- Samsung and SK Hynix together earned $59.7 billion in March 2026
- That figure surpasses the aggregate profit of India Inc for any prior quarter
- AI capex is the main driver behind the spike in memory chip demand
- Memory chips remain central as AI spending accelerates globally
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times