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Samsung Quarterly Operating Profits Plunge

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

Samsung Electronics reported on Thursday a 55% drop in second-quarter operating profit as delays in high-bandwidth memory chip shipments and U.S. export curbs on advanced chip sales to China continued to drag on its key semiconductor division.

CNN on MSN · 1h

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.

Barron's · 8h

Samsung Quarterly Operating Profits Plunge As US Curbs Chip Exports To China

South Korean tech giant Samsung Electronics' operating profit dropped by more than 50 percent year-on-year in the second quarter, its regulatory filing showed Thursday, as US curbs on AI chip exports to China hit sales.

Samsung stock rises on Tesla partnership

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.

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.

DIGITIMES · 59m

Samsung-Tesla AI chip deal: a potential four-way win for all?

Samsung's major AI chip contract with Tesla has sparked heated discussions, with Elon Musk pledging to personally step in to help Samsung improve production efficiency while hinting at an even higher contract value.

Samsung Expects AI-Fueled Earnings Improvement After Profit Drop -- 2nd Update

Contrary to Samsung's optimistic outlook, second-quarter net profit declined 48% from a year earlier to 5.116 trillion won, equivalent to $3.67 billion. That missed the 5.740 trillion won consensus ...

3don MSN

You can turn off Galaxy AI on your Samsung phone — here's how

To turn off Galaxy AI entirely, go through each feature in the Galaxy AI settings menu and turn off every toggle switch. here ...

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