Key facts
- Samsung Electronics' Q3 operating profit increased nearly ninefold year-on-year.
- The profit jump was driven by strong demand for advanced memory chips used in AI computing.
- Samsung will allocate 10.5% of its memory chip unit's operating profit for employee bonuses.
Samsung Electronics' operating profit surged nearly nine times compared to the previous year in the third quarter, fueled by high demand for its advanced memory chips, which are crucial for artificial intelligence computing. The company has reached an agreement with its memory chip workers union to allocate 10.5% of the unit's operating profit towards employee bonuses.