Samsung Reports Significant Q2 Profit Drop Due to US AI Chip Restrictions

Reported about 5 hours ago

Samsung Electronics expects a 56% drop in second-quarter operating profit, attributing the decline to weak AI chip sales influenced by US restrictions on advanced chips to China. Despite shares rising slightly, the company faces challenges in regaining competitiveness and managing tariffs, with a projected profit of 4.6 trillion won, its lowest in six quarters.

Source: YAHOO

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