Samsung 3Q operating earnings soar to US$7bil

Quick Summary:

South Korea’s Samsung Electronics says that its operating profits soared 277% year-on-year to US$6.6bil but missed expectations as it struggles to leverage demand for chips used in artificial intelligence (AI) servers.

The world’s largest memory chip maker posted an operating profit of 9.18 trillion won or about US$6.6bil “largely due to one-off costs”.

But if Samsung does not get the certification of its high-capacity HBM3E chips in time, “it will pressure Samsung’s gross profit performance”, she added.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: MalaysiaSouth KoreaMali

Topics: AIGrowth TechInnovation ChipDemand Corporate News SamsungEarnings /Business/Business News MemoryChips OperatingProfit

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 00:00:00 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 658 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 23354410

View Article Analysis

About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 29 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 1 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

Publisher Details

Frequently Asked Questions