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Samsung posts record profit in Q3 on AI chip boom
SEOUL: Samsung Electronics said on Thursday its operating profit rose nearly ninefold to a record high in the third quarter, driven by robust demand for AI chips, even as investors remained wary about the durability of AI spending. The world’s top memory chipmaker reported operating profit of 107.4 trillion won ($80.04 billion) for the July-to-September period, in line with its estimate and up from 12.2 trillion won a year earlier. Apple’s foldable iPhone hits stores with $2,000 price tag and scarce supply Its cross-town rival SK Hynix on Wednesday reported strong earnings and an ...
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