Samsung Electronics on Tuesday projected a 56% drop in second-quarter operating profit from a year earlier, far worse than analysts expected as its struggling chip business faced U.S. chip curbs on ...

Samsung faces 56% profit decline in Q2 due to struggles with AI demand. Samsung's second-quarter profits are set to fall 56%, impacted by weak demand for memory chips crucial for AI tech.

Samsung is expecting operating profits of 6.5 trillion won for the second quarter, a drop of 56% from 14.87 trillion won a year ago caused by the downturn in its memory semiconductor business.

(RTTNews) - Samsung Electronics Co Ltd (SMSN.L, SSNNF.OB, SSNLF.OB) expects that its second-quarter operating profit will drop about 55.94 percent from last year. The company projects quarterly ...

(RTTNews) - Samsung Electronics Co Ltd (SMSN.L, SSNNF.OB, SSNLF.OB) expects that its second-quarter operating profit will drop about 95.74 percent from last year as the memory chip downturn continues.

The Korean behemoth made KRW 77.2 trillion in Q2 2022, which means a 22% decline this year. However, Samsung has struggled to convert its revenue to profit at a healthy rate.

Samsung Electronics (SSNLF) has signed a $16.5 billion semiconductor supply contract with an undisclosed company, according ...

Samsung never said what caused the falling figures, but it's likely to be related to its chip business, which brings in around 75 percent of the company's profits. As was the case with Q1 2019 ...

Samsung has been struggling over the past few months, and in Q2 2023, the company faced a 95% drop in profits for the second quarter in a row.

Samsung Electronics on Tuesday projected a far worse than expected 56% plunge in second-quarter operating profit due to weak AI chip sales, deepening investor concerns over the tech giant's ability to ...

Samsung Flags Big Miss in Q2 Profit, ... Revenue would likely fall 0.1% to 74 trillion won from a year earlier, ... Analysts said they expect Samsung's profit to improve gradually, ...

SEOUL (Reuters) -Samsung Electronics on Tuesday projected a far worse than expected 56% plunge in second-quarter operating profit due to weak AI chip sales, deepening investor concerns over the ...