Samsung Electronics third-quarter profit in line with estimates amid rising demand for AI memory chips

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Samsung Electronics reported third-quarter revenue of 195.25 trillion won and operating profit of 107.44 trillion won, broadly in line with analysts’ estimates. Revenue increased 126.88% from the same quarter a year earlier, while operating profit rose 783.11%. The growth was driven in part by rising demand for advanced memory chips used in artificial intelligence applications. Samsung and five affiliates announced a combined $1 billion investment in Helix Digital Infrastructure, while the company partnered with Mistral AI and led its Series D funding round.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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