Samsung's Record Quarter: AI Drives Chip Demand Surge

Samsung Electronics reported a 32.5% rise in Q3 operating profit, driven by rebounding AI-induced demand for memory chips. The tech giant achieved record revenues, boosted by semiconductor and mobile sales. The ongoing AI investment momentum is expected to sustain market growth, with Samsung advancing its chip technologies.

Samsung Electronics has announced a significant 32.5% increase in its operating profit for the third quarter, spurred by a resurgence in demand for computer memory chips. This growth, largely attributed to advancements in artificial intelligence, is anticipated to continue in the coming months.

The South Korean technology leader achieved a new milestone in quarterly revenue, reaching 86 trillion won—approximately USD 60.4 billion—between July and September. This was driven by heightened sales of semiconductors and smartphones.

Looking forward, Samsung expects AI-driven demand to expand market opportunities. Its semiconductor division posted an operating profit of 7 trillion won, with strong sales in high-bandwidth memory chips crucial for AI applications. Meanwhile, Samsung continues to innovate, with its high-bandwidth HBM3E chips already in mass production and next-generation HBM4 samples on their way to clients.

(With inputs from agencies.)