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Samsung forecasts record third-quarter profit of $80 billion as AI boom fuels chip demand
Samsung Electronics on Thursday reported third-quarter preliminary operating profit of 107.40 trillion won ($80.2 billion), surging past 100 trillion won for the first time in the company's history as booming demand for artificial…
Summary
Samsung Electronics on Thursday reported third-quarter preliminary operating profit of 107.40 trillion won ($80.2 billion), surging past 100 trillion won for the first time in the company's history as booming demand for artificial intelligence continues to fuel its chips business. Projected quarterly operating profit is 782% higher from a year earlier. Revenue forecast of about 195 trillion won is up nearly 127% from the same period last year.
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