Reported 10 days ago
Samsung Electronics is projected to report a 21% decline in its first-quarter profit, primarily influenced by disappointing sales of AI chips and ongoing losses in its foundry business. The company's profits have been under pressure due to competition and price drops in memory chips. Analysts suggest that Samsung's reliance on less advanced technology for Chinese clients further complicates its profitability, while its upcoming U.S. factory startup has been delayed to 2027 due to lack of major orders.
Source: YAHOO