Categories: Business

Samsung Electronics Q3 profit jumps 32% on conventional chip boom

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TDG Syndication

SEOUL (Reuters) -Samsung Electronics reported on Thursday a 32% rise in third-quarter operating profit, as the booming conventional chip market helped offset a gradual recovery in its artificial intelligence chip sales. The world's largest maker of memory chips posted 12.2 trillion won ($8.58 billion) in operating profit for the July to September period. The result was in line with its estimate of 12.1 trillion won. ($1 = 1,421.4800 won) (Reporting by Hyunjoo Jin, Heekyong Yang and Joyce Lee; Editing by Sonali Paul) (The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)
TDG Syndication
Published by TDG Syndication