Samsung Q2 profit drops 55% on weak AI chip sales, China curbs

Samsung quarterly operating profits plunge as US curbs chip exports to China

SEOUL: South Korean tech giant Samsung Electronics' operating profit dropped by more than 50 per cent year-on-year in the second quarter, its regulatory filing showed Thursday (Jul 31), as US curbs on AI chip exports to China hit sales. The company reported an operating profit of 4.7 trillion won (US$3.4 b

Samsung chip profit tumbles while investors seek bottom

The chip arm reported three-month operating profit of 400 billion won ($288 million), the lowest in six quarters, versus analysts’ average projection for 2.73 trillion won.

Samsung profit tumbles as it struggles to catch up in the AI chip race

Just a few years ago, Samsung Electronics stood as a leading force in the global semiconductor race, dominating one chip sector and eyeing Taiwan’s TSMC in the battle for supremacy in another.

Samsung second-quarter profit more than halves, missing expectations weighed by slump in chip business

Samsung Electronics reported a second-quarter operating profit that missed expectations and more than halved from the same period last year.

Samsung’s second-quarter profit drops 55% on weak AI chip sales, China curbs

World’s largest memory chipmaker posted $3.37-billion in operating profit for the April to June period

Samsung Q2 Profit Drops 55% on Weak AI Chip Sales, China Curbs