Samsung Electro-Mechanics posts record Q3 profit on AI demand
Briefing by News4U · First published
Samsung Electro-Mechanics reported record third-quarter revenue and operating profit, driven by AI-related components.
Samsung Electro-Mechanics Co. reported record third-quarter revenue and operating profit, driven by strong demand for AI infrastructure components, according to Yonhap Business. [1]
Operating profit rose 165.5 percent year-on-year to 691 billion won ($516 million), revenue increased 30.3 percent to 3.76 trillion won, and net profit climbed 115.7 percent to 485 billion won, all quarterly records. [1]
The company cited higher sales of multilayer ceramic capacitors for AI data centers and servers, plus growth in flip-chip ball grid array substrates and camera modules for next-generation EV platforms. [1]
Sources
- (LEAD) Samsung Electro-Mechanics logs record profit in Q3 on AI boom
Yonhap Business · · Full text