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Samsung misses forecasts in its chip division despite the AI investment boom

TechnologyInternationalBloomberg Línea30 s readAI summary
Image: Bloomberg Línea

Samsung Electronics' semiconductor division posted an operating profit of 106.5 trillion won (US$80 billion) in the quarter ended in September, below the 108.5 trillion won analysts expected, even as its earnings rose 15-fold. Group net profit was 75.21 trillion won. The result could increase pressure on Samsung to show progress in advanced memory such as HBM4, where it competes with SK Hynix, which reported strong results and expects supply shortages until 2030.

In 30 seconds

  • Semiconductor operating profit: 106.5 trillion won, versus 108.5 trillion won estimated by analysts.
  • Chip division earnings rose 15-fold but fell short of forecasts.
  • Group net profit was 75.21 trillion won in the quarter ended in September.
Read the full story at Bloomberg Línea

IASummary generated by artificial intelligence from a story by Bloomberg Línea. It may contain errors: the original source prevails.

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