Samsung posts record $80 billion quarterly profit on AI chip demand

Samsung Electronics reported a record third-quarter operating profit of 107.44 trillion won, about $80 billion, up 783% from a year earlier, driven by strong demand for AI memory chips. Revenue rose 127% to 195.25 trillion won. The chip division delivered almost all the profit. Samsung warned that the memory chip shortage could deepen in 2027 as AI demand outpaces supply.