Samsung Electronics Co. estimated a nearly threefold increase in its third-quarter operating profit but fell short of market expectations due to underwhelming performance of its high-end memory chips utilized in AI computing. The company anticipated an operating profit of 9.1 trillion won ($6.8 billion) for the July-September period, marking a substantial 274.5 percent surge from the previous year. However, this figure represented a 12.8 percent drop compared to the preceding quarter. Despite a 17.2 percent revenue boost to 79 trillion won, specific net earnings data were not provided in the announcement. The third-quarter underperformance was attributed to sluggish memory chip shipments caused by decreased smartphone and personal computer sales. Samsung Electronics' slower progress in the high-bandwidth memory segment also impacted its financial results. The delay in commercializing its latest HBM3E chips for major customers postponed revenue generation, whereas Korean competitor SK hynix Inc. had already commenced supplying similar products to Nvidia. The company noted strong sales in its device experience and display divisions, driven by flagship smartphone sales and new product launches respectively. Final detailed earnings reports for individual business units are awaited, with market projections estimating around 5.3 trillion won operating profit from the semiconductor sector and 2.5 trillion won from the mobile division, affected by weak demand for the Galaxy Z foldable smartphone series.