Samsung Electronics Co., Ltd. reported a 32% jump in third-quarter operating profit on Thursday, as robust demand for legacy chips helped offset the gradual recovery in AI chip sales.

In a statement, the company said, "The semiconductor market is expected to remain strong, driven by momentum in AI investments." The world's largest memory chipmaker posted an operating profit of 12.2 trillion won ($8.58 billion) for the July-September period, aligning with its forecast of 12.1 trillion won.

Following the earnings release, Samsung's shares rose 3%.