Seoul, April 7 -- Samsung Electronics reported record-breaking quarterly earnings for the January-March period, significantly exceeding market expectations, driven by strong demand for artificial intelligence (AI)-related memory chips, according to a report by The Korea Herald.

The company said its preliminary operating profit for the first quarter reached 57.2 trillion won (USD 38 billion), while revenue stood at 133 trillion won (USD 88.7 billion).

Operating profit surged 755 per cent from 6.69 trillion won (USD 4.46 billion) a year earlier, while revenue rose 68.1 per cent from 79.14 trillion won (USD 52.8 billion) in the same period last year.

The strong performance has pushed Samsung into the global top five in quarterly operating...