India, July 8 -- Samsung Electronics has reported one of its biggest profit jumps ever. The South Korean tech giant said its operating profit for the April-June quarter is expected to reach 89.4 trillion won ($58.4 billion), almost 19 times higher than the same period last year, according to Samsung's earnings guidance.

The company earned more profit in just one quarter than it made over the last three years combined, according to Reuters. This shows how strong the current AI-driven chip boom has become. Samsung's revenue also jumped sharply. The company expects quarterly sales of 171 trillion won, up about 129% from a year ago.

This is Samsung's third straight record quarterly operating profit, showing that its business has continued t...