8 publishers · first seen Thu, 29 Oct 2026 02:57 UTC · updated Thu, 29 Oct 2026 13:20 UTC
Samsung Electronics reported a record operating profit of 107.4 trillion won ($80.5 billion) for the July-September quarter, with revenue reaching 195.3 trillion won ($146 billion), marking its fourth consecutive quarter of record profit and revenue. The results were driven by strong demand for computer memory chips used in artificial intelligence systems.
Samsung and SK Hynix, which together control about two-thirds of the global memory market, plan to invest a combined 800 trillion won ($599 billion) in a new chipmaking hub in South Korea’s southwest. Samsung expects AI chip demand to grow through 2027 and will focus on supplying advanced memory and storage products for AI servers.
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