Samsung Electronics reported a record operating profit of $80.4 billion, driven by robust demand for AI-related chips. Despite the overall record performance, the operating profit for the company's specific chip division fell short of analyst expectations. This highlights a contrast between the surge in AI demand and the performance targets within the semiconductor unit.
The semiconductor unit generated most of the profit, but its result fell short of analyst estimates, while the stock slid as much as 6.2% in morning trading.
Read the full storyDevice Solutions accounted for most of the group’s record profit, while shares fell as much as 6.2% amid continuing memory shortages and delayed decisions on shareholder returns.