Samsung Electronics (OTC:SSNLF) is set to report its largest quarterly profit in more than three years, driven by the global surge in AI chip production. This heightened demand has constrained the supply and elevated prices of conventional memory chips, which remain central to the company’s business.
The South Korean tech giant, a key competitor to Taiwan Semiconductor Manufacturing Co. (NYSE:TSM), anticipates operating income of 12.1 trillion won ($8.5 billion) for the September quarter, marking a 31.8% increase from a year earlier. Revenue is expected to climb 8.7% to a record 86 trillion won.
