Samsung Electronics said it expects operating profit for the quarter ended September to jump ninefold to about 107.4 trillion won ($80 billion), its fourth straight record, as demand for memory chips powering AI data centers surges. The outlook—released ahead of detailed results due late October—highlights how the global rush to build AI infrastructure is tightening chip supply and lifting prices, even as Samsung’s latest foldables add momentum on the handset side. Big Tech’s plans to pour more than $650 billion into AI this year and South Korea’s $880 billion chip push underscore an intensifying capacity race across Asia. Samsung’s market value has topped $1 trillion this year, though persistent shortages are pushing up device costs for consumers.
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