Samsung forecasts record third-quarter profit on AI demand
Summarised from 3 outlets · Updated 8 Oct, 01:00 · Archive
Samsung Electronics forecasts record third-quarter operating profit as demand for AI chips surges.
Samsung Electronics has reported preliminary third-quarter earnings with operating profit forecast to exceed 100 trillion won for the first time, according to announcements on Thursday. The world's largest memory-chip maker attributes the record performance to surging demand for AI chips during the three months to September.
The forecast represents a significant milestone for the company as it benefits from the global boom in artificial intelligence and the associated demand for semiconductor components required to power AI systems.
How it is being reported
- AI chip boom pushes Samsung profits to record $80bnThe tech giant is also expected to get a boost from its latest folding devices that were launched in August.BBC Technology · 8 Oct, 02:31
- Samsung quarterly profit surges to $80bn on AI chip demandWorld’s largest memory-chip maker posts record earnings for the three months to SeptemberFinancial Times · 8 Oct, 00:30
- Samsung forecasts record third-quarter profit of $80 billion on the back of AI boomSamsung Electronics reported preliminary third-quarter earnings on Thursday, with operating profit forecast to top 100 trillion won for the first time.CNBC · 7 Oct, 23:58
In this story: Samsung Electronics · South Korea
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