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Industry

LG Display posts Q3 operating profit of 250.6 billion won, down 42 percent on year

LG Display said on Oct. 22 it posted third-quarter consolidated revenue of 6.277 trillion won and operating profit of 250.6 billion won. Revenue rose 12 percent from the previous quarter and operating profit swung to a profit from a loss. From a year earlier, revenue fell 10 percent and operating profit declined 42 percent, which the company attributed to reduced shipments of mid-sized LCD products under a profitability-focused portfolio strategy.

Games & Commerce

Naver hit by investment burden, Kakao aided by cost stability as Q3 outlook diverges

Naver and Kakao are expected to post divergent third-quarter results. Naver is forecast to log double-digit revenue growth but a drop in operating profit due to heavier spending on AI infrastructure, commerce and marketing. Kakao is seen posting a slight revenue decline but a double-digit rise in operating profit on relatively stable costs. Analysts say investors will focus on whether each company can translate AI initiatives into concrete products, contracts and revenue.

Industry

TSMC sets another record third-quarter revenue on surge in AI chip orders

TSMC, the world\'s largest contract chipmaker, posted record third-quarter revenue as demand for AI semiconductors lifted sales. September consolidated revenue rose 54.6 percent from a year earlier to 511.86 billion Taiwan dollars, though it fell 0.6 percent from August. Revenue for January to September rose 41.1 percent to 3.90 trillion Taiwan dollars. TSMC plans to introduce high-NA EUV into mass production of advanced processes from 2030.