Reported 28 days ago
Samsung Electronics has suffered a staggering $122 billion loss in market value, dropping 32% from its peak in July, as it struggles to keep pace with rivals like SK Hynix and TSMC in the AI and semiconductor markets. Despite a promising start to the year, investor confidence waned after the company acknowledged delays in its advanced chip production, prompting foreign investors to sell off shares. With management changes imminent, Samsung is now focused on regaining its competitive edge amid a rapidly evolving technological landscape.
Source: YAHOO