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Samsung Electronics Co., Ltd. Q3 profit surges 80% as memory-chip boom kicks in
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Samsung’s Q3 profit soared 80% on memory-chip strength and expects supply shortage amid AI infrastructure demand.
Samsung Electronics Co., Ltd. posted third-quarter operating profit of ₩7 trillion (~US$4.92 billion), up about 80% year-on-year, driven by strong memory-chip sales for AI infrastructure. Its memory-chip revenue hit ₩26.7 trillion, up from ₩22.3 trillion a year ago. The firm said it expects demand for high-bandwidth memory (HBM) chips to exceed supply even after planned capacity expansion and will sharply increase capital expenditure next year to meet AI infrastructure demand. Shares jumped about 5.3% on the results.