By Heekyong Yang and Hyunjoo Jin

SEOUL (Reuters) -Samsung Electronics on Tuesday said it expects its biggest quarterly profit in over three years, as the global race to boost production of AI chips has tightened supply and driven up prices of conventional memory chips, the tech giant’s mainstay.

Strong demand for conventional memory chips used in artificial intelligence servers helped offset weaker sales of advanced AI chips of Samsung, which has been lagging rivals in the race to supply to Nvidia, analysts said.

The world’s leading memory chipmaker estimated an operating profit of 12.1 trillion won ($8.5 billion) for the July-September period, up 32% from a year earlier and well above a 10.1 trillion won LSEG SmartEstimate. That would mark its best quarterly profit in 13 quarters.

Sam

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