Samsung Electronics’ operating profit from its semiconductor business in the third quarter of this year stood at 3.86 trillion won ($2.8 billion), falling short of the 4 trillion won expected by analysts.

South Korea's Samsung Electronics said Thursday that its operating profits soared 277 percent on-year to $6.6 billion but missed expectations as it struggled to leverage demand for chips used in artificial intelligence servers.

Samsung's semiconductor division reported an operating income of 3.86 trillion won ($2.8 billion) this year, a 40% decrease from the second quarter's 6.45 trillion won ($4.67 billion). Despite this decline,

South Korea's Samsung Electronics said Thursday that its operating profits soared 277 percent on-year to $6.6 billion but missed expectations as it struggled to leverage demand for chips used in

Unexpected expenses in semiconductor division overshadow revenue gains Samsung Electronics is blaming a quarter-on-quarter plunge in operating profits in its chips division on costs incurred, and says it intends to focus on "high value-added products" for the rest of 2024.