AI chip boom pushes Samsung profits to record $80bn

What happened: Samsung Electronics expects a nine-fold surge in quarterly profits, driven by demand for memory chips used in AI data centres. It estimates operating profit of 107.4tn won for the three months to end of September. Key numbers: Operating profit 107.4tn won ($80bn; £61bn). Fourth straight quarter of record earnings. Why it matters: The forecast points to continued record earnings for Samsung as global AI chip demand lifts manufacturers' earnings and shares. A chip shortage has led firms including Samsung to raise prices, making smartphones and computers more expensive. Coverage: 9 outlets in 24h

AI chip demand drives Samsung to record $80bn profit.

AI chip demand drives Samsung to record $80bn profit. — impact context not separately stored; see What changed.