US EditionSamsung Profit Halves in Deepening Chip Business Crisis
11 Articles
11 Articles
Chip business problems burden Samsung Electronics' earnings in the second quarter. According to preliminary figures, the profit is down 56 percent.
[Digital Daily Reporter Ko Seong-hyeon] Samsung Electronics recorded an ‘earnings shock’ level of performance that fell far short of market expectations in the second quarter due to the sluggish performance of its Device Solutions (DS) division, which is in charge of its semiconductor business. The delayed delivery of high-bandwidth memory (HBM) for Nvidia and the foundry business that failed to escape deficit are cited as the main factors for t…
A lack of competitiveness in key artificial intelligence chips and US tariff regulations are weighing on Samsung's business, resulting in a surprisingly sharp decline in profits. The outlook is also bleak.
Samsung is sinking a little deeper into the crisis. Unable to meet NVIDIA's expectations with its memory chips, the South Korean giant is reviewing its revenue predictions drastically downwards.
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