Samsung Electronics forecast Thursday a more than 780 percent leap in third-quarter operating profit from a year earlier, buoyed by high memory chip prices as AI fuels a global supply shortage.
The South Korean giant is the world's largest maker of memory chips -- components now in huge demand as advanced types are snapped up for use in data centres powering artificial intelligence.
It estimated July-September operating profit at 107.4 trillion won ($80.1 billion), up 782.5 percent on-year, according to a company statement.
That would mark the first time a South Korean company has surpassed 100 trillion won in quarterly operating profit.
Revenue likely rose 127 percent to 195 trillion won, Samsung said.