Samsung Electronics on Thursday reported a 32.5% rise in third-quarter operating profit, fueled by a rebound in demand for its memory chips, which the company expects will continue to benefit from growth in artificial intelligence applications.

The South Korean tech giant also set a new quarterly revenue record, with sales climbing nearly 9% to 86 trillion won ($60.4 billion) in the July–September period, driven by strong performance in semiconductors and mobile devices.