Tuesday, 8 July, 2025
Samsung Projects 56% Q2 Profit Plunge Amid US Export Curbs on AI Chips
Samsung Electronics forecasted a 56% year-on-year drop in Q2 operating profit to ₩4.6 trillion ($3.3 billion), missing estimates by ~23%, citing U.S. export restrictions on advanced AI chips to China and inventory write-downs, especially of HBM memory components. Foundry struggles and HBM delays to Nvidia exacerbated losses. The company plans a ₩3.9 trillion share buyback and anticipates gradual profit recovery later in 2025.
Read full story at Economic Times