From Financialexpress · Ashima Grover · · 1m
Samsung forecasts record $80 bn quarterly profit
Samsung's AI-driven memory chip sales surge to $80.17 billion quarterly profit.
In brief
Samsung's AI-driven memory chip sales surge to $80.17 billion quarterly profit. Samsung Electronics forecasts record quarterly profit of $80.17 billion driven by AI demand and memory chip sales. Originally reported by Financialexpress.
Samsung's Q3 profit forecast
Samsung Electronics forecasts record quarterly profit of 107.4 trillion Korean won ($80.17 billion) for Q3.
“Samsung Electronics forecasts a record quarterly profit of 107.4 trillion Korean won fueled by AI demand”
AI demand drives growth
AI server demand powered Samsung's memory chip sales surge, achieving highest-ever earnings.
“the company attributed its then-record-breaking memory earnings to AI server demand”
Revenue jump
Samsung's Q3 revenue projected to soar 127% to 195 trillion Korean won from previous year.
“its quarter-three revenue could soar 127% to 195 trillion Korean won from the previous year”
AI infrastructure investments
Samsung announced $1 billion investment in AI infrastructure company Helix with KKR, KIA, NVIDIA, and Vistra.
“The South Korean tech giant noted that it was a founding investor in the recently-launched AI-enabling infrastructure provider”
AI ecosystem expansion
Samsung aims to become active architect of global AI infrastructure ecosystem through AI data centers.
“AI data centres are rapidly evolving beyond simple facility investments into core business platforms”
Mobile business loss
Samsung's mobile business posted loss exceeding $1 billion in Q3, exceeding expectations.
“Samsung’s mobile business posted a loss of more than $1 billion”
The takeaway
Samsung Electronics forecasts record quarterly profit of $80.17 billion driven by AI demand and memory chip sales.
