Samsung Electronics anticipates a significant 56% drop in second-quarter operating profit, primarily due to weak AI chip sales and U.S. restrictions on exports to China. Delays in supplying high-bandwidth memory (HBM) chips to Nvidia also contributed to the decline. While rivals benefit from AI-driven demand, Samsung faces challenges in China and potential U.S. tariffs, impacting its chip and phone businesses.
from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/consumer-durables-and-information-technology/consumer-electronics/samsung-projects-56-drop-in-q2-earnings-cites-us-ai-chip-restrictions/122310796
from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/consumer-durables-and-information-technology/consumer-electronics/samsung-projects-56-drop-in-q2-earnings-cites-us-ai-chip-restrictions/122310796