Samsung Profit Soars 900% on AI Chip Demand

Samsung Electronics reported a massive jump in quarterly profit, driven by soaring demand for artificial intelligence chips. The South Korean tech giant said operating profit for the third quarter reached 80 billion dollars, nearly nine times higher than the same period last year. The surge comes as data centers and tech companies race to buy high-bandwidth memory chips used in AI systems. Samsung is one of the few companies worldwide that produces these advanced chips. Analysts expect demand to remain strong as the AI industry continues to expand.