Third quarter profit surge driven by AI demand amid US and Chinese regulations that confine Seoul’s industrial strategy
Samsung Electronics’ record third-quarter profit marks a strong demand-led recovery for South Korea’s largest conglomerate, but the company now operates within regulatory regimes and permissions set by foreign governments.
The company reported about $8.5 billion (12.1 trillion won) in operating profit and about $60.3 billion (86 trillion won) in revenue between July and September, marking its highest quarterly earnings in more than three years.
Samsung Electronics’ record third-quarter profit marks a strong demand-led recovery for South Korea’s largest conglomerate, but the company now operates within regulatory regimes and permissions set by foreign governments.
The company reported about $8.5 billion (12.1 trillion won) in operating profit and about $60.3 billion (86 trillion won) in revenue between July and September, marking its highest quarterly earnings in more than three years.
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