Samsung Electronics posts record Q3 profit on AI chip demand
Briefing by News4U · First published
Samsung Electronics reported record third-quarter net profit of 75.13 trillion won, up 514.6 percent year-on-year, driven by AI semiconductor demand.
Samsung Electronics reported record third-quarter net profit of 75.13 trillion won, up 514.6 percent from 12.22 trillion won a year earlier, driven by strong demand for AI-related semiconductors, according to Yonhap Business. [1]
Operating profit surged 783.1 percent to 107.44 trillion won, while revenue rose 126.9 percent to 195.25 trillion won. The company posted record quarterly revenue and operating profit for the fourth consecutive quarter. [1]
Sources
- (LEAD) Samsung Electronics posts record profit in Q3 on AI chip supercycle
Yonhap Business · · Full text