SEOUL, Oct 29 (Bernama-dpa) -- Samsung Electronics has reported a record operating profit on sustained strong demand for semiconductors, with earnings at the South Korean electronics giant rising nearly ninefold year-on-year to 107.4 trillion won (US$80.5 billion) in the third quarter, German Press Agency (dpa) reported, citing the company on Thursday.
Samsung Profit Surges Nearly Ninefold On AI Chip Demand
tech, samsung, ai, semiconductor, memory chips, pr
BE Bernama 
Key takeaways
Samsung Electronics reported a record operating profit of 107.4 trillion won in Q3, up nearly ninefold YoY, driven by strong demand for memory chips used in AI infrastructure.
- Operating profit rose to 107.4 trillion won, a ninefold increase from the previous year.
- Revenue reached 195.3 trillion won and the company plans to pay 30 trillion won in dividends.
- Shares fell over 4% after the announcement, missing investor expectations.
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