Seoul:South Korean technology giant Samsung Electronics announced a substantial increase in third-quarter operating profit, with figures showing a 783% surge compared to the same period last year. This remarkable growth is attributed to the soaring demand for AI semiconductors.
According to Bangladesh Sangbad Sangstha, Samsung, the world's largest memory chipmaker, reported an operating profit of 107.4 trillion won ($80.5 billion) for the July-September period. This represents a significant 783.1% increase from the previous year.
The company also noted a substantial rise in its quarterly net profit, which climbed 514.6% from the previous year to reach 75.13 trillion won. This performance underscores the strong market demand for advanced semiconductor technologies, driven by the growing AI sector.