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Samsung posts record profit in Q3 on AI chip boom
The battery maker posted 407.8 billion won in operating profit as ESS and small-battery sales rose, reversing a year-earlier loss.
- Samsung SDI reported Thursday an operating profit of 407.8 billion won for the July-September period, marking a return to profitability from a 591.3 billion won loss a year earlier.
- Strong demand for energy storage systems and small batteries for AI data centers drove the improvement, alongside increased sales of cylindrical batteries for power tools and electric vehicles.
- Samsung Electronics also posted a record third-quarter operating profit of 107.44 trillion won on Thursday, as robust AI chip demand bolstered both Samsung and cross-town rival Hynix.
- During its board meeting, Samsung approved a quarterly dividend of 4,601 won per share, totaling 30 trillion won—more than 12 times the 370 won paid in prior quarters.
- Samsung said chip supply shortages would deepen in 2027, while Samsung SDI plans to convert additional United States production lines to LFP batteries to meet growing ESS demand.
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35 Articles
35 Articles
Zeit Online+3 Reposted by 3 other sources
·Germany
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South Korea's largest company Samsung Electronics has increased its operating profit by nine times, but investors are still disappointed.
BT+3 Reposted by 3 other sources
Samsung Electronics delivers an operating profit of more than 100 trillion won for the first time in a quarter.
·Borås, Sweden
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The South Korean giant saw its net profit jump by 514.6% in the third quarter over a year, supported by the strong demand for semiconductors for artificial intelligence.
·Paris, France
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(Seoul = Yonhap News) Reporter Oh Ji-eun = Samsung SDS tentatively reported a consolidated operating profit of 241 billion won for the third quarter of this year, up 3.7% from the same period last year...
·Seoul, Korea (the Republic of)
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Total News Sources35
Leaning Left3Leaning Right8Center7Last UpdatedBias Distribution44% Right
Bias Distribution
- 44% of the sources lean Right
44% Right
L 17%
C 39%
R 44%
Factuality
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