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Samsung Q3 Profit Soars 783% on AI Chip Boom
Samsung Electronics reported a third-quarter operating profit of 107.44 trillion won ($80.4 billion), up 783.1% from a year earlier, on record revenue of 195.25 trillion won (up 126.9%), according to Yonhap and the Korea Times. The semiconductor (DS) division alone contributed about 106 trillion won, making Samsung the first global tech firm to top 100 trillion won in quarterly operating profit, Business Korea reports. The company will also pay 30 trillion won ($22.5 billion) in Q3 dividends, a more than 12-fold increase per share, to address its sluggish share price. Korean media frame the results as an 'AI chip supercycle' driving the surge, with Samsung SDI also swinging to profit on ESS battery demand.
- Samsung Electronics logs Q3 operating profit of $80.4 bil.
- [속보] 삼성전자, 3분기 영업익 107.4조…작년 대비 783% 증가
- [속보]삼성전자 3분기 영업이익 107조4405억원…반도체에서만 106조원
- (2nd LD) Samsung Electronics posts record profit in Q3 on AI chip supercycle
- 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.
- Samsung SDI swings to profit in Q3 on ESS battery demand
