Samsung Electronics reported a significant increase in operating profit for Q3 2024, reaching 12.1 trillion won. This surge was primarily driven by a 172% year-on-year rise in average DRAM prices and heightened demand for AI servers. The company has received Nvidia certification for its 12-layer HBM3E chips and secured orders from AMD, enhancing its position in the AI server supply chain.
Additionally, TrendForce data indicates robust growth in NAND flash sales, with Samsung closing the technology gap with competitor SK Hynix. These developments underscore Samsung's strategic advancements in the semiconductor market, particularly in AI-related technologies.
Samsung Q3 Profits Soar on AI Memory Chip Demand
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