{
  "id": 16994609,
  "title": "Samsung posts record profit in Q3 on AI chip boom",
  "url": "https://urgent.news/2026/10/29/samsung-posts-record-profit-in-q3-on-ai-chip-boom-16994609",
  "topic": "ai",
  "section": "AI",
  "published": "2026-10-29T01:46:00.000Z",
  "source": {
    "name": "Straits Times Business",
    "slug": "straits-times-business",
    "url": "https://www.straitstimes.com/business/samsung-posts-record-profit-in-q3-on-ai-chip-boom"
  },
  "original_language": "en",
  "account": "Samsung Electronics reported a record operating profit of 107.4 trillion won, or S$103.17 billion, for the third quarter of 2023, marking a nearly ninefold increase from the previous year. The surge in profit was largely attributed to robust demand for artificial intelligence (AI) chips. Despite the impressive numbers, investors remained cautious about the sustainability of spending on AI technologies. SK Hynix, Samsung's cross-town rival, also disclosed strong earnings and a positive outlook on Oct 28, which helped alleviate concerns about potential waning momentum in AI-driven chip earnings. Both companies' upbeat financial performance contributed to a rise in their stock prices. Samsung Electronics further disclosed plans to pay 30 trillion won in dividends for the quarter ending in September, equivalent to 4,601 won per share.",
  "summary": "The company said it will pay 30 trillion won (S$28.82 billion) in dividends for the third quarter.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 9,
    "also_reported_by": [
      {
        "outlet": "CNA - Business",
        "title": "Samsung posts record profit in Q3 on AI chip boom",
        "url": "https://urgent.news/2026/10/29/samsung-posts-record-profit-in-q3-on-ai-chip-boom",
        "published": "2026-10-29T00:57:41.000Z"
      },
      {
        "outlet": "Yonhap News",
        "title": "(LEAD) Samsung Electronics posts record profit in Q3 on AI chip supercycle",
        "url": "https://urgent.news/2026/10/29/lead-samsung-electronics-posts-record-profit-in-q3-on-ai-chip",
        "published": "2026-10-29T01:08:49.000Z"
      },
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "Samsung posts record profit in Q3 on AI chip boom",
        "url": "https://urgent.news/2026/10/29/samsung-posts-record-profit-in-q3-on-ai-chip-boom-16992589",
        "published": "2026-10-29T01:21:00.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Samsung posts record profit in Q3 on AI chip boom",
        "url": "https://urgent.news/2026/10/29/samsung-posts-record-profit-in-q3-on-ai-chip-boom-16990050",
        "published": "2026-10-29T01:48:17.000Z"
      },
      {
        "outlet": "SiliconANGLE",
        "title": "Samsung confirms record-breaking operating profit on soaring AI memory chip demand",
        "url": "https://urgent.news/2026/10/29/samsung-confirms-record-breaking-operating-profit-on-soaring-ai",
        "published": "2026-10-29T02:21:08.000Z"
      },
      {
        "outlet": "Tech in Asia",
        "title": "Samsung Q3 net profit hits $56b on AI chip demand",
        "url": "https://urgent.news/2026/10/29/samsung-q3-net-profit-hits-56b-on-ai-chip-demand",
        "published": "2026-10-29T02:49:15.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "Samsung posts record profit in Q3 on AI chip boom",
        "url": "https://urgent.news/2026/10/29/samsung-posts-record-profit-in-q3-on-ai-chip-boom-17004318",
        "published": "2026-10-29T03:10:24.000Z"
      },
      {
        "outlet": "RTHK News - Finance",
        "title": "Samsung profits up a record 780pc despite AI jitters",
        "url": "https://urgent.news/2026/10/29/samsung-profits-up-a-record-780pc-despite-ai-jitters",
        "published": "2026-10-29T04:10:22.000Z"
      }
    ]
  },
  "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."
}