Samsung set for highest Q3 profit in three years as AI demand lifts chip prices

Core Insights - Samsung Electronics is projected to achieve its highest third-quarter profit since 2022, primarily due to increased memory chip prices driven by robust server demand as customers work to rebuild their inventories [1] Summary by Categories Financial Performance - The anticipated profit surge is attributed to higher memory chip prices, which are being supported by strong demand from server customers [1] Market Dynamics - The rebuilding of inventories by customers is a significant factor contributing to the increased demand for memory chips [1]