Samsung Electronics' third-quarter earnings are expected to exceed 10 trillion won

Samsung Electronics expects operating profit to exceed 10 trillion won in the third quarter of this year, primarily driven by improvements in its high-bandwidth memory (HBM) and foundry (semiconductor manufacturing) businesses. Furthermore, continued strong global sales of the Galaxy series of smartphones and the upcoming mass production of the Exynos 2600, a mobile application processor (AP) based on a 2nm process, have contributed to the rise in Samsung Electronics' stock price. Samsung Electronics' sales are expected to increase by 12% year-on-year to 358 trillion won next year, with operating profit expected to increase by 66% to 53.4 trillion won, an eight-year high.