Samsung Electronics reported a significant increase in its operating profit for the third quarter, driven by a robust rebound in demand for its computer memory chips, a trend that the company anticipates will continue to strengthen due to the expansion of artificial intelligence (AI) technologies. The South Korean technology giant achieved a new quarterly revenue record, with a nearly 9% rise to 86 trillion won ($60.4 billion) during the July-September period. This impressive financial performance was primarily fueled by increased sales across its semiconductor products and mobile phone divisions.

The company, which boasts dual strengths in both component manufacturing and finished products, explicitly stated its expectation for AI-driven demand to further broaden market opportunities in the coming months. Samsung's operating profit reached 12.2 trillion won ($8.6 billion) in the last quarter, marking a substantial 160% increase from the previous quarter. This recovery is particularly notable given that the prior quarter's semiconductor earnings were negatively impacted by inventory value adjustments and one-off costs associated with technology export restrictions on China.

Echoing Samsung's positive outlook, SK Hynix, another prominent South Korean chipmaker, also announced a record operating profit of 11.4 trillion won ($8 billion). SK Hynix similarly attributed its record performance to AI-related growth, underscoring the widespread impact of artificial intelligence on the semiconductor industry.

Samsung's semiconductor division specifically reported 7 trillion won in operating profit for the third quarter, a testament to strong sales in high bandwidth memory (HBM) chips, which are critical components for powering AI applications. The company expressed confidence in the ongoing strength of the semiconductor market, anticipating it will be sustained by continuous AI investment momentum.

In terms of technological advancements, Samsung highlighted its leadership in HBM development. An advanced version of its high-bandwidth memory chips, the HBM3E, is currently in mass production and is being supplied to all relevant customers. Furthermore, samples of its next-generation product, the HBM4, are already being shipped to key clients, demonstrating Samsung's commitment to innovation and its strategic positioning in the evolving AI chip landscape.