Samsung apologies for weak results during AI chip boom

Samsung earnings guidance reveals increased sales but unimpressive profit in Q3 2024

Samsung Electronics posted its earnings estimate for Q3 2024 and revealed profit will be 10% less than previously expected. The major reason is an unexpected delay in the AI chip business from an unnamed major customer, but the company didn't elaborate further. Samsung revealed that earnings in the mobile division improved from the preceding quarter, which is the period that saw the launch of Galaxy Z Fold6 and Galaxy Z Flip6 foldables. The disp…

Samsung issues rare apology for poor results in tech 'crisis'

SEOUL: Samsung Electronics issued a rare apology and acknowledged on Tuesday (Oct 8) that it was facing a "crisis" over its technological competitiveness, reflected in a disappointing profit guidance, despite a global AI boom. Samsung said it expected third-quarter profits to rise to 9.1 trillion won (US$6

Samsung apologises for disappointing third quarter profit

Samsung Electronics has warned that its third-quarter profit would come in below market expectations and apologised for the disappointing performance with the tech giant lagging its rivals in supplying high-end chips to Nvidia in the booming AI market.

Samsung apologizes for bad financial performance

Profit doesn't pop despite AI-inspired memory boom, leading to executive mea culpa

Samsung third-quarter forecast misses expectations

Samsung Electronics said Tuesday it expected third-quarter profits to jump almost three-fold, but fell short of market expectations as it struggled to leverage robust demand for chips used in artificial intelligence servers.

Samsung apologises for weak results during AI chip boom

In a rare apology, the company vows to review its culture and processes to enhance competitiveness.