Samsung Projects Record Eighty Billion Dollar Profit
Samsung Electronics projected a record quarterly operating profit of eighty billion dollars driven by surging demand for artificial intelligence memory chips. While the chip sector thrives, higher component costs created losses for its mobile division.
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Samsung Electronics projected a record operating profit of 107.4 trillion won ($80.17 billion) for the third quarter, driven by surging demand for AI memory chips. The milestone marks a nearly nine-fold jump in earnings from a year earlier. It is the highest quarterly profit ever recorded by any global technology company.
