Technology
Samsung Reports High Chip Profit But Keeps Return Plans on Hold
The Indian Express1h
THE BRIEF
1
Samsung Electronics reported a 15-fold jump in quarterly operating profit to 107.4 trillion won for July-September, powered by strong demand from the artificial intelligence boom.
2
Despite strong results, Samsung shares fell up to 6.2% as the company deferred its shareholder return policy decision to January and gave a more conservative outlook than rival SK Hynix.
3
Samsung stated its high-bandwidth memory supply is sold out for next year and expects AI infrastructure capital expenditure to reach historic levels in 2027.