{Economic Information Agency, Nov. 8} Samsung Electronics, the world's largest memory chip manufacturer, released preliminary financial results on Thursday, showing an operating profit of 107.4 trillion Korean won (approximately $80.1 billion) in the third quarter, a year-on-year increase of 782.5%. Third-quarter revenue rose 126.6% year-on-year to 195 trillion Korean won.
This marks the first time the company's quarterly operating profit has surpassed the 100 trillion Korean won threshold, primarily driven by surging demand for artificial intelligence, which has boosted the chip business.
Samsung Electronics is one of the world's leading suppliers of high-bandwidth memory (HBM) semiconductors. Analysts believe that the wave of artificial intelligence (AI) has significantly increased demand for memory chips, leading to strong performance in the semiconductor business this quarter, effectively driving overall company growth.
During her visit to South Korea on Wednesday, Dr. Lisa Su, CEO of U.S.-based AMD (US.AMD), met with Jay Y. Lee, Vice Chairman and head of semiconductor operations at Samsung Electronics, to exchange views on collaboration in AI chips and memory supply issues. (yc)
This marks the first time the company's quarterly operating profit has surpassed the 100 trillion Korean won threshold, primarily driven by surging demand for artificial intelligence, which has boosted the chip business.
Samsung Electronics is one of the world's leading suppliers of high-bandwidth memory (HBM) semiconductors. Analysts believe that the wave of artificial intelligence (AI) has significantly increased demand for memory chips, leading to strong performance in the semiconductor business this quarter, effectively driving overall company growth.
During her visit to South Korea on Wednesday, Dr. Lisa Su, CEO of U.S.-based AMD (US.AMD), met with Jay Y. Lee, Vice Chairman and head of semiconductor operations at Samsung Electronics, to exchange views on collaboration in AI chips and memory supply issues. (yc)
