Samsung projects $80 billion quarterly profit on AI demand
Samsung Electronics projected quarterly profit would top 100 trillion won and estimated a nearly nine-fold jump in third-quarter earnings driven by strong AI-chip demand and memory sales.
Samsung Electronics on Thursday projected quarterly profit would top 100 trillion won, a world first for a technology company, and said third-quarter earnings were likely to rise nearly nine-fold as booming demand for AI chips supported strong memory sales. The world's largest memory chipmaker said the estimate was based on robust demand for its memory products.