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Samsung flags $80 billion profit on AI boom, highest quarterly for any tech company
SEOUL: Samsung Electronics on Thursday projected its quarterly profit would top 100 trillion won, a world first for a technology company, estimating a nearly nine-fold jump in third-quarter earnings as booming demand for AI chips drove strong memory sales. The world’s largest memory chipmaker estimated an operating profit of 107.4 trillion won ($80.17 billion) for the July-September period, slightly ahead of an LSEG SmartEstimate of 106.1 trillion won. The forecast marks Samsung’s fourth straight quarter of record operating profit, underscoring a deepening global memory chip shortage as AI i...
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