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International Business Times
International Business Times

Samsung Is Heading For Another Record Quarter. Its Chip Business Is Doing The Heavy Lifting.

Semiconductor Memory Mistral Samsung
The company reported second-quarter revenue of 171.5 trillion won and operating profit of 89.5 trillion won, both record quarterly results. (Credit: Getty Images)

Samsung Electronics expects its quarterly operating profit to cross 100 trillion won for the first time, extending a run of record results as its semiconductor business benefits from growing demand tied to artificial intelligence.

The company said Thursday that it expects third-quarter operating profit of about 107.4 trillion won and consolidated sales of roughly 195 trillion won, according to preliminary Samsung Electronics results.

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