According to reports, Samsung’s second-quarter earnings are projected to plummet by 56% due to challenges in AI chip production and foundry operations. Key highlights include:
• Profit decline attributed to AI chip supply chain disruption.
• Foundry business impacted by industry-wide constraints.
• Samsung facing fierce competition in the semiconductor market.
The development underscores the volatility in the tech sector and poses challenges for Samsung’s market position and investor confidence in the Indian business landscape.
Source: Latest Business News Today: Stock Markets, Financial News, India Business & World Business News