Samsung expects 780% quarterly operating profit jump on AI boom
Samsung Electronics anticipates a remarkable surge in its third-quarter operating profit, fueled by soaring memory chip prices. With an estimated profit reaching 107.4 trillion won, the company sets a new record for profits within South Korea. Revenue is poised to rise sharply, driven by increasing memory demand in AI data centers, while employee bonuses are being distributed to retain top talent amidst the ongoing negotiations regarding worker compensation in Taiwan.
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