Samsung Q3 Profit Surges Nearly Nine-Fold on AI Chip Boom

Samsung's third-quarter profit surged by 783% as booming demand for AI memory chips boosted earnings.

South Korean tech giant Samsung Electronics saw its third-quarter operating profit surge nearly nine-fold, driven by soaring demand for artificial intelligence memory chips. This was reported by news agency Reuters and financial news website StreetInsider.

According to the reports, the company's operating profit jumped by 783% compared to the same period last year, lifted by sharp earnings gains in its semiconductor division.

At this stage, comprehensive figures regarding total revenue and the performance of Samsung's other business units have not yet been released.