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The
South Korean technology giant set a new high in quarterly
revenue, which rose nearly 9% to 86 trillion won ($60.4 billion)
for the July-September period, fueled by increased sales of
semiconductor products and mobile phones.
Samsung, which has dual strength in both components and finished
products, said it expects the demand driven by AI to further
expand market opportunities in coming months. SK Hynix, another
major South Korean chipmaker, also reported a record operating
profit of 11.4 trillion won ($8 billion) on Wednesday, which it
also described as AI-related growth.
Samsung’s operating profit of 12.2 trillion won ($8.6 billion)
in the last quarter marked a 160% increase from the previous
quarter, when it said its semiconductor earnings were weighed
down by inventory value adjustments and one-off costs related to
technology export restrictions on China.
Samsung’s semiconductor division posted 7 trillion in operating
profit for the third quarter, with the company reporting strong
sales in high bandwidth memory chips, which are used to power AI
applications.
“The semiconductor market is expected to remain strong, driven
by ongoing AI investment momentum,” the company said in a
statement. The company said an advanced version of its
high-bandwidth memory chips, the HBM3E, is “currently in mass
production and being sold to all relevant customers,” while
samples of its next-generation product, the HBM4, are being
shipped to key clients.
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