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Samsung Electronics' Q3 operating profit aligns with estimates, driven by AI memory chip demand
The South Korean tech giant reported a 126.88% year-on-year revenue increase and a 783.11% surge in operating profit. Samsung Electronics and five affiliates also announced a combined $1 billion investment in KKR-backed Helix Digital Infrastructure, with Samsung contributing $500 million. Additionally, Samsung partnered with French AI startup Mistral AI to integrate AI into its semiconductor operations and led Mistral's Series D funding round.
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