Samsung’s third-quarter profit more than doubles, beating estimates as chip recovery gathers pace
Update: 2025-10-30
Description
Samsung Electronics reports a significant earnings rebound, with operating profit more than doubling due to a chip business recovery. The company's chip division, particularly its memory business, saw a nineteen percent sales increase and set an all-time high for quarterly sales. This strong performance led to a five percent jump in Samsung's shares and increased optimism among investors. Samsung has also regained its lead in the memory market, thanks to passing important qualification tests from Nvidia for advanced high-bandwidth memory products. The company's focus on high-demand memory chips and AI industry needs seems to be paying off, potentially helping it stay ahead of rivals like SK Hynix.
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