Technology · 1 hour ago
Samsung forecasts $80.1 billion profit from AI chip demand
Photo by Jonathan Kemper on Unsplash
Samsung Electronics anticipates an operating profit of 107.4 trillion won, approximately $80.1 billion, for the third quarter, fuelled by robust demand for AI chips. Samsung's achievement represents the initial instance of a South Korean firm exceeding 100 trillion won in a single quarter's operating profit. Memory-chip sales experienced a significant increase, according to the company, as the need for AI infrastructure exceeded available stock.
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