Hardware · Updated 8 Oct, 08:02 am IST
Samsung forecasts record $80B quarterly profit on AI chip boom
Why it matters for readers: This explains why chip prices and news about AI hardware are important to the wider tech industry.
- Samsung estimated Q3 operating profit at 107.4 trillion won ($80.17 billion), slightly above analyst estimates.1
- The company attributed the surge to booming demand for AI chips and strong memory sales amid a global memory shortage.1
- This would be Samsung's fourth consecutive quarter of record operating profit.1
- Samsung and Micron said the memory supply-demand imbalance could persist into 2028, but Chinese competition and an AI spending slowdown are risks.1
- Samsung's shares slipped modestly and analysts have trimmed forecasts partly due to the won's appreciation reducing dollar-denominated sales value.1
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