Samsung Electronics has forecast a record third-quarter operating profit, with preliminary figures expected to exceed 100 trillion won for the first time as an AI-driven boom lifts chip demand, according to CNBC.
Key facts
- Samsung Electronics reported preliminary third-quarter earnings on Thursday, according to CNBC.
- Operating profit is forecast to top 100 trillion won for the first time.
- CNBC described the forecast as a record, valued at around $80 billion.
- The result is attributed to an AI boom fuelling chip demand, according to CNBC.
Samsung Electronics has forecast a record third-quarter profit, with preliminary earnings released on Thursday showing operating profit expected to top 100 trillion won for the first time, according to CNBC.
CNBC reported that the forecast, valued at around $80 billion, is being driven by a boom in artificial intelligence, which has fuelled demand for chips.
The figures are preliminary. Further details of Samsung’s full results were not included in the reporting available.
Why it matters
Samsung is one of the world's largest chip and electronics makers, and CNBC attributes its record profit forecast to AI-driven demand for semiconductors.
Frequently asked questions
How much profit is Samsung forecasting?
Samsung forecast its preliminary third-quarter operating profit to top 100 trillion won for the first time, a figure CNBC valued at around $80 billion.
What is driving Samsung's record profit?
According to CNBC, the record forecast is being fuelled by an AI boom that is driving demand for chips.
Are these figures final?
No. Samsung reported preliminary third-quarter earnings on Thursday, which are an early estimate ahead of fuller results.