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Samsung posts record Q3 profit on AI chip boom
Samsung Electronics reported a record third-quarter operating profit of 107.44 trillion won ($80.4 billion), becoming the first tech giant to surpass 100 trillion won in quarterly operating profit, driven by surging AI chip demand (Yonhap, Korea Times, Business Korea). The company also announced a 30 trillion won ($22.5 billion) dividend payout, a 12-fold increase per share, to address its sluggish share price (Korea Times). Korean media note the achievement follows Executive Chairman Lee Jae-yong's four-year bet on chips, though markets reacted coolly, with cumulative operating profit for the year reaching 254 trillion won (Korea Times, Maeil Business Newspaper).
- (3rd LD) Samsung Electronics posts record profit in Q3, with memory biz on roll amid AI supercycle
- Samsung Electronics logs Q3 operating profit of $80.4 bil.
- Samsung Electronics Becomes First Tech Giant to Top 100 Trillion Won in Quarterly Operating Profit
- Samsung Electronics' Q3 dividend jumps 12-fold to $22.5 bil.
- Lee Jae-yong's 4-year bet on chips pays off as Samsung profit surges
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