Samsung's Q3 profit misses expectations on lackluster performance in AI chips
Samsung Electronics Co. on Tuesday estimated its third-quarter operating profit nearly tripled, but missed market expectations due to the lukewarm performance of its high-end memory chips used in artificial intelligence computing. The world's biggest maker of memory chips expected an operating profit of 9.1 trillion won ($6.8 billion) for the third quarter, up 274.5 percent from a year earlier, Samsung Electronics said in a regulatory filing. But operating profit retreated 12.8 percent from
Oct. 8, 2024