Samsung apologies for weak results during AI chip boom
- Samsung Electronics apologized for weak results amid an AI chip boom, indicating potential crisis issues for the company.
- Mr. Jun stated, “We have caused concerns about our technical competitiveness... we take full responsibility for this.”
- Samsung's share price fell by 1.2% after the disappointing earnings guidance release.
26 Articles
26 Articles
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 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 Warns Of Q3 Profit Drop Amid Shipment Delays Of AI Chip Approved By Nvidia - Samsung Electronics Co (OTC:SSNLF), NVIDIA (NASDAQ:NVDA)
Samsung Electronics (OTC:SSNLF) has issued a warning, predicting a significant drop in third-quarter profits, due to various factors including one-time costs and a surge in supply from Chinese rivals. What Happened: On Tuesday, the South Korean tech giant announced an estimated operating profit of approximately 9.10 trillion won ($7.6 billion) for the quarter ending in September. This represents a 274% increase from the previous year’s 2.43 tril…
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