Samsung Electronics posts record profit in Q3 on AI chip supercycle

What happened: Samsung Electronics reported third-quarter net profit up more than sixfold from a year earlier, citing strong demand for AI-related semiconductors. Key numbers: Net profit 75.13 trillion won ($56.2 billion), up 514.6 percent. Operating profit 107.44 trillion won, up 783.1 percent. Revenue 195.25 trillion won, up 126.9 percent. Why it matters: Samsung became the first global tech company to post quarterly operating profit above 100 trillion won, and it expects memory chip demand to keep growing in the fourth quarter on sustained AI infrastructure investment. Coverage: 8 outlets in 24h

Samsung Electronics reported third-quarter net profit up more than sixfold from a year earlier, citing strong demand for AI-related semiconductors.

Samsung became the first global tech company to post quarterly operating profit above 100 trillion won, and it expects memory chip demand to keep growing in the fourth quarter on sustained AI infrastructure investment.