TNW | Samsung
Samsung posts record $80bn quarterly profit on AI memory demand
Almost all of the profit came from Samsung’s chip business, while its phone and TV units made losses.
Via TNW | Samsung
·Excerpt
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Samsung Electronics made a record operating profit of 107.4 trillion won (about $80bn) in the third quarter, the company said on Thursday. Demand for the memory chips used in AI data centres kept rising.
The figure confirms the preliminary results Samsung published earlier this month, when it said profit was about nine times higher than a year earlier.
Revenue also hit a new high of 195.3 trillion won, up 14% from the previous quarter, according to…
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