Memory crisis puts Samsung on track for the biggest quarterly operating profit in tech history

Samsung Electronics Co. is set to report its highest-ever quarterly operating profit, driven by strong demand for memory chips.

The South Korean tech giant's preliminary guidance puts operating profit for July through September at 107.4 trillion won ($80.2 billion), up from 12.17 trillion won ($9.1 billion) a year earlier.

Revenue is expected to reach 195 trillion won ($145.6 billion), an increase of almost 127%.

This news is significant as it reflects the global demand for electronics and the company's strong position in the market.