Reported about 8 hours ago
Samsung Electronics has issued an unusual apology to investors following disappointing financial results, acknowledging a crisis in its memory chip division. The company's new semiconductor chief, Jun Young-hyun, vowed to implement significant organizational changes after failing to meet revenue expectations and facing stiff competition from rivals like SK Hynix and Taiwan Semiconductor Manufacturing Co. Although AI hardware demand has surged, Samsung's struggles highlight a need for reinvention, with plans to cut jobs and improve competitiveness moving forward.
Source: YAHOO