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Samsung's Operating Profit in Q3 Grew by 783% Due to Demand for AI Chips

Tech giant to invest $1 billion in digital infrastructure

29 Oct, 16:10Read in Russian

Photo by Yurii Beresh on Unsplash

Samsung Electronics' operating profit amounted to 107.44 trillion won, increasing by 783.11% compared to the third quarter of the previous year.

In the third quarter, Samsung Electronics and five of its affiliated companies announced plans to jointly invest $1 billion in Helix Digital Infrastructure, which is backed by KKR. Samsung Electronics will contribute $500 million, with the remaining amount to be invested by the affiliated companies.

The company also announced a partnership with the French AI developer Mistral AI to apply technologies in semiconductor production, including chip design and manufacturing. Samsung led Mistral AI's Series D funding round.

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