Semiconductors generated the bulk of that profit, bringing in 6.45 trillion won, or 61.8 percent of the total, making it the highest since the second quarter of 2022. Demand for faster DRAM and HBM chips used in AI applications has skyrocketed, along with the use of chips in data centers. Samsung is also on track to supply NVIDIA with HBM3E memory chipsets after reportedly passing the qualification tests, though it was previously stated that the company failed the validation stage. Even though smartphone shipments dropped in the second quarter by about 810 million won, shipments were steady at 54 million units. Samsung also retained its position as the world's biggest smartphone market for this period, beating Apple and attaining an 18 percent market share. Fortunately, this slump is not expected to last for long, as Samsung states that overall smartphone shipments in the second half of 2024 will increase due to AI functionality being integrated into these devices and getting extended to smartwatches.