Economy / Markets
Samsung becomes the first tech company to earn $80bn in a quarter
Samsung Electronics reported third-quarter revenue of KRW 195.3tn and operating profit of KRW 107.4tn, up 783% from a year earlier and the first time any technology company has cleared KRW 100tn in a single quarter. The chip division supplied KRW 106.5tn of that profit on HBM4 and server SSD demand while handsets and consumer devices lost money. The board declared a KRW 4,601 dividend per share, KRW 30tn in total.