SEOUL, Oct 8 — Samsung Electronics forecast Thursday a more than 780 per cent leap in third-quarter operating profit from a year earlier, buoyed by high memory chip prices as AI fuels a global supply shortage. The South Korean giant is the world’s largest maker of memory chips — components now in h»»»

Record numbers show how the AI boom has swung in favour of Samsung, SK Hynix and Micron as data centre developers rushed for memory chips. (EPA Images pic) SEOUL: Samsung Electronics posted another record profit as surging memory chip prices and relentless spending on artificial-intelligence infras»»»

Samsung Electronics is expected to report a nearly nine-fold jump in third-quarter operating profit, driven by robust AI ‌demand, though analysts have cut forecasts by nearly 8 percent since the end of August. South Korea’s national flag and a Samsung flag fly outside Samsung Electronics’ Seocho of»»»