Advertisement

Telegram ads for your business · TCA Media

Friday, 30 October 2026RU UZ EN

CBU ratesUSD12 066.22▲ 62.20EUR13 444.18▲ 82.51RUB149.74▲ 0.94CNY1 811.36▲ 10.68KZT26.63▲ 0.28GBP16 075.82▲ 124.88As of 30.10.2026

Advertisement

Telegram ads for your business · TCA Media

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, 16:10

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.

Advertisement

Telegram ads for your business · TCA Media

Read also

Partnership with OpenAI Brings Microsoft Up to $40 Billion Annually

Shell Increases Net Profit 2.3-Fold in Q3

Tax Incentives Proposed to Take Effect Even Before Amendments to the Tax Code

Hackers breached Binance and stole $6.3 billionKazakhstan Proposes Raising Taxes for the WealthyPartnership with OpenAI Brings Microsoft Up to $40 Billion AnnuallyCash payments to be phased out on commuter trains and intercity busesUzbekistan Registered Bonds Worth 358 Billion Soms in National Currency in SeptemberShell Increases Net Profit 2.3-Fold in Q3Uzbekistan to establish a unified national switch for transactions in soumsTax Incentives Proposed to Take Effect Even Before Amendments to the Tax CodeU.S. Federal Reserve Keeps Key Rate in the 3.75-4% RangeTax Committee Discusses AI with American Company GovernfulUzbekistan aims to attract approximately $1 billion through Islamic finance by 2030This may now be one of the best periods to buy US corporate bondsS&P 500 nears historic high thanks to Broadcom and NvidiaA competitor to Visa and Mastercard begins operating in EuropePaynet's Net Profit for 9 Months of 2026 Increased by 136%HSBC Profit in Third Quarter Rises by 32% to $9.6 BillionUzbek Republican Commodity Exchange's Profit for 9 Months of 2026 Increases by 34%Bank of America Calls GTA 6 Release a Reason to Buy Take-Two SharesProfit of Global Banking Giant UBS Rises by 27%How the decline in gold prices will affect UzbekistanInvestors from 119 Countries Actively Participate in IPO of Nigeria’s Dangote Oil RefineryUzcard and Humo to be connected to Apple Pay as wellConcerns Over AI-Related Debt Ease Slightly Ahead of Oracle, Alphabet, and Amazon UpdatesBinance Exchange: What Will Help the Growth of Uzbekistan's Crypto Asset MarketAverage salary in Uzbekistan reaches 7.3 million soums, while median salary is 4.2 millionNvidia backs Indian startup helping to run AI models with fewer GPUsProblem Loans in Uzbek Banks Exceed 25 Trillion SomsAssets of Uzbekistan's Banks Increase to 1.04 Quadrillion SomsFitch Assesses Uzbekistan's Chances of Obtaining Investment Rating by 203014th Company in Uzbekistan Granted License to Operate a Crypto StoreUzbekistan to Introduce Salary Supplements of Up to 7 Million Soms for State Registration of Medical WorkersIntel CEO helped raise $30 million for a startup designed to unite hundreds of neocloudsDecline in Shares of Cloud-Adjacent Companies ContinuesIndia's largest IPO in history may end the era of ultra-cheap internet in the countrySpaceX Completes $40 Billion Deal to Secure AI ChipsAnthropic Files for IPOVisa and Mastercard May Face Lawsuit in UK Over CommissionsChinese Markets Lose Trillions as AI Race with US IntensifiesAI Startup Modeling Digital Copies of Consumers Raises $300 MillionUzbekistan Begins Connecting Apple Pay9 Stocks and 5 ETFs Unaffected by AI-Related RisksUpper 6 GHz: A Strategic Spectrum Resource for the Future of Mobile ConnectivityMorgan Stanley Forecasts Further Decline in Chinese Company SharesUzbekistan Issues First License for Islamic BankingCompetition Committee Warns Microloan BorrowersScandal erupts around Iman Invest over accusations of violating Islamic finance normsCentral Bank of Uzbekistan denies rumors about issuing a 1 million sum banknoteOpenAI lowers target valuation to $1.25 trillionSpaceX Records Investment Gain from Stake in Boring Co.Wealthy Chinese Move Money from Offshores to US BanksModerna Stock Falls Despite Successful Cancer Vaccine TrialsUnauthorized AI Agents Already Gaining Access to Bank Accounts in the U.S.Tashkent Explores Issuing Municipal Bonds with American Company OppenheimerAnthropic Reports $80 Billion Loss in First Half of 2026Participants in financial 'sandbox' required to notify Central Bank of data leaks within 24 hoursNYSE Becomes Another Exchange Extending Options Trading HoursX-Day: Netflix, SpaceX, Meta, and Tesla to Present Financial ReportsAlif Moliya from Uzbekistan issues sukuk on Astana International ExchangeSouth Korea's stock market sends another warning signal about AI-related tradingYield on US Treasury Bonds DeclinesGold prices reach $4152 per troy ounceVenture Investor Jenny Lee: Asian Startups Accelerate Path to IPOOpenAI Seeks to Raise More Capital Before Anthropic Goes PublicPeople's Bank of China keeps benchmark rate at 3%Leading Wall Street Analysts Positively Assess Growth Potential of These 3 StocksElon Musk Announces Plan to Give Every Child in the U.S. a SpaceX Share Next YearUnrest in France Increases Risk for Bond MarketChina's State Funds Boost Purchases on Stock Market Amid Record DeclineGoogle Pay Launched in Uzbekistan