Samsung Electronics expects to post its highest operating profit in three years on the back of high demand for memory chips used in artificial intelligence, after several quarters of tepid growth fuelled concerns it was losing ground to rivals.
The tech conglomerate on Tuesday said operating profit in the quarter ending in September rose more than 30 per cent compared with a year ago to Won12.1tn ($8.5bn).
The figure is significantly higher than the Won9.7tn forecast by analysts as compiled by Bloomberg.
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