Tech giant: Samsung achieves record profit thanks to AI boom
South Korea's largest company, Samsung Electronics, has increased its operating profit ninefold. Nevertheless, investors are reacting disappointedly.
Samsung Electronics achieved a record profit due to sustained strong demand for semiconductors. The company's operating profit in the third quarter increased nearly ninefold to 107.4 trillion Won, or around 72 billion euros, and its revenue was approximately 131 billion euros. Samsung announced a dividend payout of around 20 billion euros and expects high chip demand to continue into 2027. Despite the record results, the company's stock fell over 4 percent after the announcement as it failed to meet investor expectations.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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