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Samsung flags $80 billion profit on AI boom, highest quarterly for any tech company
Samsung Electronics on Thursday projected its quarterly profit would top 100 trillion won, a world first for a technology company, estimating a nearly nine-fold jump in third-quarter earnings as booming demand for AI chips drove strong memory sales.
The forecast marks Samsung's fourth straight quarter of record operating profit, underscoring a deepening global memory chip shortage as AI infrastructure investment outpaces supply growth, driving chip prices up sharply.
Top producers enjoy gross margin of over 80% due to AI-driven chip shortage BIGGER-THAN-EXPECTED MOBILE LOSS Memory chips are expected to account for the bulk of the earnings improvement.
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