SEOUL, Jan 8 (Reuters) - Samsung Electronics ( SSNLF )
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)