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2025-10-30 08:29:43
Samsung Electronics' third-quarter profit surges 32% driven by traditional chip boom. Samsung Electronics reported a 32% increase in operating profit for the third quarter on Thursday, as a boom in the traditional chip market helped offset a gradual recovery in sales of artificial intelligence chips. "The semiconductor market is expected to remain strong, driven by the momentum of investment in artificial intelligence," Samsung said in a statement. The world's largest memory chip maker reported operating profit of 12.2 trillion won ($8.58 billion) for the July-September period, in line with its expectation of 12.1 trillion won. Samsung shares rose 3% after the earnings release.
