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The tech giant is also expected to get a boost from its latest folding devices that were launched in August.
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South Korean multinational conglomerate
Samsung Group is a South Korean multinational manufacturing conglomerate headquartered in the Samsung Town office complex in Seoul. The group consists of numerous affiliated businesses, most of which operate under the Samsung brand, and is the largest chaebol. As of 2024, Samsung has the world's fifth-highest brand value.
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Samsung forecasts record Q3 operating profit of $80.17bn as booming AI infrastructure investment and a global memory shortage drive earnings.