Samsung earnings slump: Profit may tumble 56% in Q2; AI chip curbs & foundry woes bite
Join our WhatsApp Community to receive travel deals, free stays, and special offers!
- Join Now -
Join our WhatsApp Community to receive travel deals, free stays, and special offers!
- Join Now -
Samsung Electronics anticipates a significant drop in second-quarter operating profit, exceeding 50%, due to US export restrictions on AI chips to China and underperforming foundry operations. The company projects profits of 4.6 trillion won, a 56% decrease year-over-year. Despite this slump, Samsung anticipates improved factory utilization and demand recovery in the latter half of 2025. What's Your Reaction?
Like
0
Dislike
0
Love
0
Funny
0
Angry
0
Sad
0
Wow
0
