SEOUL, Jan 8 (Reuters) - Samsung Electronics on Thursday projected a three-fold jump in fourth-quarter operating profit from a year earlier to a record high as tight supply and a surge in artificial intelligence-driven demand stoked prices for conventional memory chips.
The world's largest memory chipmaker estimated an operating profit of 20 trillion won ($13.82 billion) for the October-December period, beating an LSEG SmartEstimate of 18 trillion won, a regulatory filing showed.
The operating profit is a new quarterly record, topping its previous high of 17.6 trillion won in the third quarter of 2018.
The company expects revenue to rise 23% to a record 93 trillion won from a year earlier.
Samsung plans to release detailed results, including a breakdown of earnings for each of its business divisions on January 29.
($1 = 1,446.9800 won)