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Samsung posts record Q3 profit on AI chip demand, warns of 2027 shortage
October 29, 2026 at 09:27 AM
Samsung Electronics reported record third-quarter operating profit on AI chip demand and warned supply will lag demand in 2027.
- Samsung announced operating profit of 107.4 trillion won ($80 billion) for July–September, up from 12.2 trillion won a year earlier.
- The company said net profit rose 514.6% year on year to 75.13 trillion won ($56 billion) in the quarter.
- Samsung warned AI-driven demand will far exceed memory chip supply in 2027 relative to 2026.
- Rival chipmaker SK Hynix reported quarterly earnings and updated its AI chip demand outlook on Wednesday.