Samsung Electronics reported record third-quarter sales of 86 trillion won and operating profit of 12.1 trillion won, surpassing market expectations by more than 1 trillion won. Profit rose 31.8% year-on-year, the highest since mid-2022, driven largely by a rebound in the memory and foundry businesses fueled by strong AI-related demand. Growing global competition to build AI servers has tightened memory supply, helping Samsung reclaim the top spot in the global memory market, according to Counterpoint Research. Analysts expect solid semiconductor performance to continue into the fourth quarter. Sales of Samsung’s latest foldable smartphones, the Galaxy Z Fold 7 and Z Flip 7, also contributed to strong results, with record preorders and robust sales at home and abroad.   (ICE SEOUL)

Fonte notizia: DONG A ILBO