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Thu, 08 Oct 2026

Thu, 08 Oct 2026 AI chip boom pushes Samsung profits to record $80bn

The tech giant is also expected to get a boost from its latest folding devices that were launched in August.

* Samsung expects a 9-fold surge in quarterly profits, driven by demand for memory chips used in AI data centers
* Operating profit is estimated to jump to 107.4tn won (£61bn; $80bn) in Q3, its fourth consecutive quarter of record earnings
* The company's latest folding devices are also expected to boost sales
* Global demand for computer chips has led to a shortage of semiconductors, driving up prices and sales for manufacturers like Samsung
* Investment in the industry has surged, with US tech giants pledging over $650bn to AI projects this year
* South Korea has unveiled plans for at least $880bn in chip manufacturing projects led by Samsung and SK Hynix.