Samsung reports high quarterly profits driven by demand for AI memory chips
Samsung Electronics posted a record third-quarter operating profit of over 100 trillion won, surpassing 107.4 trillion won, and reported a 780 percent year-on-year increase. SK Hynix also achieved record quarterly profit and revenue, with sales sold out through 2029. The Korea Composite Stock Price Index rose 183.73 points, while Samsung shares closed at 232,000 won.
- Samsung Electronics posted a more than 780 percent leap in third-quarter operating profit from a year earlier.
- Samsung expects high chip demand in 2027.
- Samsung Electronics' stock initially fell by over four percent after earnings release.
- SK Hynix reported an operating profit of approximately 56 billion euros in the third quarter.
- Samsung Electronics announced a dividend payout of about 20 billion Euros.
- Samsung Electronics announced a total shareholder return plan of 110 trillion won this year.
- The Korea Exchange activated a buy-side sidecar for five minutes.
- The Korea Composite Stock Price Index rose 183.73 points.
- Samsung stated its HBM supply is sold out for next year.
- SK hynix shares increased by almost nine percent on Wednesday.
- South Korea’s central bank warned this year of “semiconductor Dutch disease.”
- The benchmark KOSPI was down 131.04 points.
- Samsung Electronics shares closed at 232,000 won on Thursday.
- SK Hynix indicated production was sold out through 2029.
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