AI demand pushes up storage chip profits, with the quarterly operating profit and total net profit of the top five storage giants first exceeding those of the top five U.S. tech giants.
According to Nikkei Asia, the surge in demand for storage chips driven by the AI investment boom has led to combined operating profits of 320 trillion yen for the five storage chip manufacturers - Kioxia, Samsung, SK Hynix, Micron, and SanDisk in the last quarter, which is 10 times the figure for the same period last year and has exceeded the combined approximately 250 trillion yen of the five technology companies - Alphabet, Microsoft, Amazon, Meta, and Apple.
Why it matters: AI investment boosts storage chip demand, with the total profits of five storage manufacturers exceeding those of the top five U.S. tech companies, allowing readers to observe the profit shift in the computing power industry chain.






