Reported 27 days ago
Samsung Electronics reported disappointing profits in its semiconductor division, falling short of market expectations as it struggles to catch up with rivals like SK Hynix in the AI memory chip market. While the company claims to have made progress in supplying its advanced memory chips to Nvidia, it faces challenges in obtaining certification for these products and adapting to fast-paced technological demands. As a result, Samsung has missed significant profits linked to the surge in AI-related demand and continues to grapple with weak mobile chip sales.
Source: YAHOO