Samsung Electronics on Tuesday projected its third-quarter operating profit would jump by 32 compared to last year, exceeding market predictions as robust demand for standard memory chips made up for slower sales of high-bandwidth memory products.
The South Korean technology giant estimated its operating profit at around 12.1 trillion won US8.5 billion for the July-September period, its highest quarterly earnings since the second quarter of 2022.
According to South Korea's Yonhap news agency, the figure exceeded the market consensus by 17.4.