Samsung Electronics (OTC:SSNLF), South Korea's largest company, reported a net income of 9.78 trillion won ($7.1 billion) for the September quarter, with its chip division earning 3.86 trillion won ($2.8 billion) in operating profit.

Artificial intelligence and data center server demand remained strong, though mobile chip sales dipped due to inventory adjustments.

Samsung's delays in NVIDIA Corp's (NASDAQ:NVDA) certification for AI memory chips have allowed competitors SK Hynix (OTC:HXSCF) and Micron Technology Inc (NASDAQ:MU) to lead in high-bandwidth memory.

SK Hynix recently posted a record 7.03 trillion won in profit, intensifying pressure on Samsung in a rapidly evolving memory chip market.