Samsung projects $80 billion quarterly operating profit on AI chip demand

Samsung’s preliminary results put third-quarter operating profit at 107.4 trillion won, exceeding the 100 trillion won threshold for the first time as AI demand boosts its memory-chip business. That compares with 12.17 trillion won a year earlier, an increase of roughly 783%, according to The Next Web.

• Samsung’s latest folding devices, launched in August, are also expected to help earnings, according to BBC.

Covered by 7 publishers within 14 hours of the first report.

• CNBC: Samsung forecasts record third-quarter profit of $80 billion as AI boom fuels chip demand

Reporting7

CN CNBC Samsung forecasts record third-quarter profit of $80 billion as AI boom fuels chip demand 6:58 PM

BL Bloomberg Samsung Reaches New Profit Record With Memory Chip Windfall 7:54 PM

SA SiliconANGLE Samsung forecasts world record-breaking $80B profit · Mike Wheatley 9:27 PM

BBC BBC AI chip boom pushes Samsung profits to record $80bn 9:31 PM

TNW The Next Web Samsung expects record $80bn quarterly profit as AI memory demand soars · Cristian Dina 5:47 AM

QZ Quartz Samsung is forecasting a record $80 billion quarterly profit on AI chip demand · Cris Tolomia 7:40 AM

TS TechSpot Memory crisis puts Samsung on track for the biggest quarterly operating profit in tech history · Rob Thubron 9:16 AM

Related

FT Samsung forecasts record quarterly operating profit above $80bn on AI memory demand October 7

DT Samsung reports preliminary quarterly operating profit of KRW107.4 trillion October 7

TH AMD pursues wider Samsung partnership for memory and chip manufacturing October 6

DT Samsung launches Tab S12, Buds On, SmartTag3 September 30

Topics Samsung