Samsung Electronics multiplies its net profit sixfold, powered by AI boom
The South Korean giant saw its net profit soar 514.6% year‑on‑year in the third quarter, driven by strong demand for semiconductors destined for artificial intelligence.
To save an article you must be connected, so you can view them on all your devices.
The South Korean giant saw its net profit jump 514.6% in the third quarter year-on-year, supported by strong demand for semiconductors intended for artificial intelligence.
South Korean giant Samsung Electronics announced Thursday that it had multiplied its third-quarter net profit six-fold year-on-year, driven by booming demand for semiconductors from artificial intelligence.
From July to September, the world's largest memory chip manufacturer recorded a net profit of 75.13 trillion won, or 50.5 billion euros, up 514.6% year-on-year. Its operating profit stood at 107.4 trillion won (72.3 billion euros), almost ninefold over one year.
Machine-translated from French
Not cross-checked yet
Only Le Figaro reports this story so far. We show it as a single source until another newsroom confirms it.
- Le Figaro29 Oct, 02:38
| Publisher Le Figaro (established tier) | +76 |
| Checkable figures cited | +3 |
| Detailed summary | +2 |
| Total | 81 |
Method: reports are grouped by the words of their headline and summary; each newsroom counts once; figures are read from the reports as published. Nothing here is written by an AI.