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Earnings

Samsung profit jumps ninefold on AI-chip demand

Samsung’s quarterly profit rose ninefold to a record $80 billion as demand for artificial-intelligence chips strengthened, the Financial Times reported. The RSS item described Samsung as the world’s largest memory-chip maker and said the result covered the three months through September. It did not provide revenue, margins or a comparison with analyst forecasts.

Why it matters

The result shows how AI infrastructure spending is lifting earnings across the memory-chip supply chain.

Sources

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