By Candice KimPosted : October 28, 2026, 13:01Updated : October 28, 2026, 13:01
Samsung Electro-Mechanics signs long-term supply agreement worth 360.5 trillion won memory chip package substrates to a "global corporation" from Jan. 1 2027 to December 31. 2027. (Courtesy of Samsung Electro-Mechanics)
SEOUL, October 28 (AJP) -Samsung Electro-Mechanics which recently entered strategic partnership with Nvidia to supply ABF substrates for AI processors reported a 165.5 percent jump in third-quarter operating profit Wednesday as the electronic components maker expands its foothold in the artificial intelligence chip supply chain.
Operating profit reached 691 billion won ($516 million) on revenue of 3.76 trillion won, up 30.3 percent from a year earlier, according to its preliminary regulatory filing. Net profit more than doubled to 485 billion won.
Operating profit also rose 56.9 percent from the previous quarter, lifting its operating margin to 18.4 percent from 9.0 percent a year earlier as it joins local chipmakers in the AI supply chain. Shares in the KOSPI-listed maker of chip-packaging substrates, multilayer ceramic capacitors and silicon capacitors traded 11 percent higher at 1,333,000 won as of 12:44 p.m. in Seoul.