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Samsung forecasts record quarterly profit as AI demand lifts chip business

Brievox summary

Samsung forecast record third-quarter profit, with operating profit expected to exceed 100 trillion won as demand for AI-related chips boosts results. The forecast was preliminary; another account also points to Samsung’s folding devices as an expected contributor.

2 sourcesFirst reported by CNBC TechnologyPublished Updated
Image: BBC News Technology

Why it matters

Samsung’s record-profit forecast reflects a sharp financial consequence of demand for AI-related chips. Investors and suppliers tracking the company should follow its final quarterly results.

What we know

Confirmed by several sources

Reported by one source

  • Operating profit was forecast to exceed 100 trillion won. — CNBC Technology
  • Samsung’s folding devices launched in August are also expected to boost results. — BBC News Technology

Coverage 2 publishers

  1. CNBC TechnologyFirst report

    Samsung forecasts record third-quarter profit of $80 billion as AI boom fuels chip demand

    Samsung Electronics reported preliminary third-quarter earnings on Thursday, with operating profit forecast to top 100 trillion won for the first time.

  2. BBC News Technology

    AI chip boom pushes Samsung profits to record $80bn

    The tech giant is also expected to get a boost from its latest folding devices that were launched in August.

Earliest report first. Articles stay on their publishers’ sites; each link opens the original.