{
  "id": 12831307,
  "title": "Samsung flags 783% profit jump to record $80bn as AI chip boom also lifts TSMC sales",
  "url": "https://urgent.news/2026/10/08/samsung-flags-783-profit-jump-to-record-80bn-as-ai-chip-boom-also",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-08T09:11:32.000Z",
  "source": {
    "name": "Euronews Business",
    "slug": "euronews-business",
    "url": "https://www.euronews.com/2026/10/08/samsung-flags-783-profit-jump-to-record-80bn-as-ai-chip-boom-also-lifts-tsmc-sales"
  },
  "original_language": "en",
  "account": "Two of Asia's leading chipmakers, Samsung and TSMC, have reported unprecedented profits this quarter, fueled by the surging demand for artificial intelligence technology. Samsung anticipates its operating profit for the third quarter to reach an all-time high of $80.2 billion, marking a staggering 782.5% increase from the previous quarter and a 700% rise compared to the same period last year. If confirmed, this would set a new record for the biggest quarterly operating profit by a technology company, surpassing Nvidia's $63.7 billion in their latest quarter. This achievement marks Samsung's fourth consecutive record quarter. Analysts had forecasted a profit of $70.6 billion for Samsung. Meanwhile, TSMC reported a record quarterly revenue of $46.8 billion, a 51% increase year-on-year, and a 17.6% increase from the previous quarter. The company's sales are projected at $145.6 billion, a 127% rise compared to the previous year. TSMC's success is attributed to the growing AI data centers that are purchasing high-bandwidth memory and stacked chips, which are essential components of AI processors, and the limited supply and rising prices of DRAM and NAND memory. Despite the impressive results, both Samsung and TSMC's stocks closed lower than their previous prices, as some investors questioned the sustainability of the memory boom. South Korea's export boom, driven by the global demand for AI hardware, has contributed to a record export growth of 60.9% year-on-year, with the country's GDP expanding 12.9% in the second quarter. TSMC will release its full third-quarter results and outlook on October 15, followed by Samsung's detailed figures on October 29, while Nvidia's earnings are expected in November, providing crucial insights into the longevity of the AI chip rally.",
  "summary": "Samsung Electronics estimated on Thursday that its third-quarter operating profit jumped almost ninefold to a record 107.4 trillion won, or $80.2 billion, while sales at Taiwan's TSMC hit a quarterly record, as the AI boom keeps demand for chips strong.",
  "key_points": [
    "Samsung's operating profit jumps 782.5% to $80.2 billion, setting a new record",
    "TSMC reports record quarterly revenue of $46.8 billion, up 51% year-on-year",
    "Both companies' growth driven by surging AI chip demand and memory shortages"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Seeking Alpha News",
        "title": "Samsung Q3 profit seen surging nearly nine-fold as AI chip demand soars",
        "url": "https://urgent.news/2026/10/08/samsung-q3-profit-seen-surging-nearly-nine-fold-as-ai-chip-demand",
        "published": "2026-10-08T08:24:54.000Z"
      },
      {
        "outlet": "Euronews",
        "title": "Samsung flags 783% profit jump to record $80bn as AI chip boom also lifts TSMC sales",
        "url": "https://urgent.news/2026/10/08/samsung-flags-783-profit-jump-to-record-80bn-as-ai-chip-boom-also-12836197",
        "published": "2026-10-08T09:11:32.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}