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AI chip boom pushes Samsung profits to record $80bn
Überblick
Samsung Electronics expects a nine-fold surge in quarterly operating profit to 107.4tn won ($80bn) for the three months to the end of September, driven by high demand for memory chips used in artificial intelligence data centres.
Wichtige Punkte
- Samsung expects operating profit to reach 107.4tn won ($80bn) for the third quarter.
- The surge is driven by high demand for memory chips used in AI data centres.
- Samsung is one of the world's largest memory chip makers alongside SK Hynix and Micron.
- The firm is also expected to benefit from the launch of its latest folding smartphones in August.
- Full third-quarter earnings will be released at the end of October.