Samsung Electronics posts record profit in Q3 on AI chip supercycle

Samsung Electronics Co. said Thursday its third-quarter net profit jumped more than sixfold from a year earlier as strong demand for artificial intelligence-related semiconductors boosted earnings. Net profit for the July-September period came to 75.13 trillion won ($56.2 billion), up 514.6 percent from 12.22 trillion won a year earlier, the world's largest memory chipmaker said in a regulatory filing. Operating profit surged 783.1 percent on-year to 107.44 trillion won, while revenue rose 126.9

Source: The Korea Herald