Samsung SDI narrows loss on AI-driven ESS demand

Samsung SDI significantly reduced its operating loss in the first quarter this year, supported by surging demand for energy storage systems driven by the artificial intelligence data center boom. According to the company’s earnings call Tuesday, its operating loss narrowed 64.2 percent year-on-year to 155.6 billion won ($105.6 million), while revenue rose 12.6 percent to 3.58 trillion won. Battery sales revenue fell 7 percent from the previous quarter, but increased 13 percent on-year to 3.35 tr

By The Korea Herald