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Samsung profit tumbles

Reuters on MSN · 1h

Samsung predicts gradual second-half recovery after Q2 chip profits plunge 94%

Samsung Electronics forecast a gradual second-half recovery for its chips business after second-quarter operating profit at the division plunged 94% from a year earlier due to shipment delays and U.S.

CNN on MSN · 50m

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.

Nikkei Asia · 37m

Samsung’s chip profit falls 94% on US export controls on China

Samsung Electronics’ operating profit for its chip business plummeted 94% in the second quarter from a year ago, hit by U.S. export controls on shipments of artificial intelligence chips to China. South Korea’s largest company said that its operating profit in the device solutions department,

Tesla, Samsung

East Bay Times · 2h

Samsung’s Tesla order fuels recovery bets despite chip woes

Samsung Electronics Co.’s surprise $16.5 billion chipmaking deal with Tesla Inc. has breathed new life into a foundry business all but written off by many investors.

USA TODAY · 1d

Samsung stock rises on Tesla partnership after $16.5 billion AI chip deal

The agreement could bolster the company's unprofitable contract manufacturing business, but Samsung faces challenges securing other large customers.

Bloomberg on MSN · 2d

Samsung to Make Tesla AI Chips in Multiyear Texas Deal

Samsung Electronics Co. will produce AI semiconductors for Tesla Inc. in a new $16.5 billion pact that marks a win for its underperforming foundry division.

2h

Samsung Chip Arm Logs Big Profit Miss in Sign of Widening Crisis

Samsung Electronics Co.’s semiconductor division reported profit that fell far short of expectations, reflecting a deepening ...

1h

Samsung earnings dip as chip division weighs on results despite mobile and display growth

The figures were not all doom and gloom, however, with Samsung’s Mobile eXperience division seeing revenue from smartphones ...

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