💨 Abstract

Samsung Electronics projected a 274% increase in Q3 operating profit, but fell short of analyst estimates, due to challenges in capitalizing on strong demand for chips for AI servers. The company, the world's largest memory chip, smartphone, and TV manufacturer, estimates an operating profit of 9.1 trillion won ($6.78 billion) for the quarter ended Sept. 30, compared to a 10.3

Courtesy: theprint.in

Summarized by Einstein Beta 🤖