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Euronews
Euronews
Quirino Mealha

Samsung flags 783% profit jump to record $80bn as AI chip boom also lifts TSMC sales

Two of Asia's biggest chipmakers have delivered blockbuster results, with Samsung on course for its most profitable quarter ever and TSMC booking a record three months of revenue, driven by spending on artificial intelligence.

The South Korean group estimated its operating profit for the third quarter at 107.4 trillion won, or $80.2 billion (€71.5bn), up from 89.49 trillion won (€59.6bn) in the previous quarter and 12.17 trillion won (€8.1bn) a year earlier.

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