Samsung Q3 profit jumps nearly nine-fold as AI memory boom lifts chip earnings

Samsung reported a massive surge in Q3 profits, with earnings jumping nearly nine-fold to reach $80bn. This record-breaking financial performance for the three months ending in September was primarily driven by the AI memory boom. As the world's largest memory-chip maker, the company benefited significantly from the soaring demand for AI chips, which lifted overall chip earnings. The results highlight the substantial impact of artificial intelligence technology on the company's quarterly financial growth and market position.