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First reported by Seoul Economic Daily

Samsung Operating Profit May Top 100 Trillion Won, Nearing Global No. 1

Samsung posts record quarterly profit of 89.4 trillion won, driven by AI chip demand; shares fall 7%

Daisuke Wakabayashi and Jason Karaian

1h ago· 1 min readenNews

technology business

Summary

Samsung Electronics reported a massive surge in quarterly operating profit — nearly 20 times higher than last year — reaching 89.4 trillion Korean won, driven by soaring demand for AI-related memory chips used in data centres. Despite the record earnings, the company's shares fell 7%, reflecting potential market concerns beyond the headline numbers.

Source

bskySamsung posts record quarterly profit of 89.4 trillion won, driven by AI chip demand; shares fall 7%nzherald.co.nz

Key quotes

· 2 pulled

Samsung's profit surged to 89.4 trillion Korean won, nearly 20 times last year's.

Samsung Electronics said that its latest quarterly operating profit was nearly 20 times higher than last year's, spurred by a seemingly insatiable demand for memory chips used in data centres for artificial intelligence.

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However, despite record earnings, the South Korean tech firm's shares fell 7%.

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