Samsung Electronics announced on Thursday that it expects to achieve record quarterly operating profits, driven by rising prices for chips related to artificial intelligence technologies.
The South Korean electronics giant predicted that operating profit would reach approximately 20 trillion won (about $13.8 billion) during the last quarter of the year, nearly three times its level a year earlier, and the highest quarterly figure in the company's history.
Samsung attributed this surge primarily to the ongoing boom in artificial intelligence, which has led to a sharp increase in demand for high-performance computing chips. This strong demand has resulted in supply shortages across the industry, driving prices up.
Samsung Electronics is one of the world's largest producers of computing chips.
The company explained that the announced figures are preliminary estimates of profits, and that detailed results will be published later, likely at the end of this month.
