Samsung Posts 107.44 Trillion-Won Q3 Profit as AI Chip Demand Drives $1 Billion Helix Bet
Updated
Updated · CNBC · Oct 29
Samsung Posts 107.44 Trillion-Won Q3 Profit as AI Chip Demand Drives $1 Billion Helix Bet
1 articles · Updated · CNBC · Oct 29
Summary
107.44 trillion won in third-quarter operating profit came in broadly in line with estimates of 107.66 trillion won, while revenue reached 195.25 trillion won versus 195.79 trillion won expected.
AI-driven demand for advanced memory chips underpinned the results, lifting revenue 126.88% from a year earlier and 13.85% from the prior quarter, while operating profit jumped 783.11% year on year.
A $1 billion Helix Digital Infrastructure investment marked Samsung's latest AI-linked expansion, with Samsung Electronics contributing $500 million and five affiliates providing the rest.
Samsung also partnered with French startup Mistral AI to apply AI in chip design and manufacturing, and led the company's Series D funding round.