Samsung Q3 results hit record as AI chip demand rises

Samsung Electronics posted a record 107.4 trillion won (about $80bn) operating profit in Q3 on AI chip demand, nearly ninefold year-on-year, while investors stayed wary of how long that spending will last.

Samsung Electronics said operating profit for July–September hit a record high.

The company linked the result to robust demand for AI chips.

The outcome was in line with Samsung’s own estimate.

Investors remained wary about how durable AI-related spending will prove.

Read the full story

Zaviya News