AI chip boom pushes Samsung profits to record $80bn
Samsung Electronics projects a nine-fold increase in quarterly operating profits to a record $80 billion, driven by high demand for AI memory chips. The company anticipates this surge will mark its fourth consecutive quarter of record earnings, supported by sales to major AI firms. Additionally, the launch of new folding smartphones is expected to contribute to the overall financial performance.
- ▪Samsung estimates its operating profit for the third quarter will reach 107.4 trillion won, or approximately $80 billion.
- ▪The profit surge is primarily attributed to surging demand for memory chips used in artificial intelligence data centers.
- ▪Samsung is one of the world's largest memory chip manufacturers, competing with SK Hynix and Micron.
- ▪The company's full third-quarter earnings report is scheduled for release at the end of October.
- ▪Global semiconductor shortages caused by AI demand have significantly boosted sales for major chipmakers.
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| Original publisher | BBC News — Tech |
| Canonical URL | https://www.bbc.co.uk/news/articles/c687z8127302o?at_medium=RSS&at_campaign=rss |
| Publication time | Thu, 08 Oct 2026 01:31:56 GMT |
| Retrieval time | 2026-10-08T01:33:22.783Z |
| Last seen | 2026-10-08T01:33:22.783Z |
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| Cluster | GN3Z8-dib-Tk · 1 stories |
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AI chip boom pushes Samsung profits to record $80bnImage source, EPAImage caption, Samsung is also one of the world's biggest smartphone makersByOsmond ChiaBusiness reporterPublished1 minute agoSamsung Electronics says it expects a nine-fold surge in its quarterly profits compared with a year earlier, driven by surging demand for memory chips used in artificial intelligence (AI) data centres.The tech giant estimates that its operating profit for the three months to the end of September will jump to 107.4tn won (£61bn; $80bn), its fourth quarter in a row of record earnings.Samsung is one of the world's largest memory chip makers alongside local rival SK Hynix and Micron in the US, which produce chips crucial for AI firms like Nvidia.Samsung, which makes the Galaxy Fold and S26 smartphones,…
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