Samsung expects 780% quarterly operating profit jump on AI boom
Summary
Samsung Electronics expects third-quarter operating profit to surge more than 780% from a year earlier as AI-driven demand pushes memory chip prices higher. The company also said revenue likely hit a record, while workers and investors are pressing for a bigger share of the semiconductor windfall.
Key Points
- Samsung forecast third-quarter operating profit of 107.4 trillion won, up 782.5 percent year on year, on strong memory chip prices and AI demand.
- Revenue is expected to rise 127 percent to 195 trillion won, setting fresh records for both sales and profit.
- The AI boom has lifted profits across major semiconductor makers, including Samsung, SK hynix and Micron.
- Samsung is also facing pressure from workers seeking larger bonuses and from rising production costs in its mobile division.
