Samsung earnings slump: Profit may tumble 56% in Q2; AI chip curbs...

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Samsung earnings slump: Profit may tumble 56% in Q2; AI chip curbs & foundry woes bite

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Samsung Electronics anticipates a significant drop in second-quarter operating profit, exceeding 50%, due to US export restrictions on AI chips to China and underperforming foundry operations. The company projects profits of 4.6 trillion won, a 56% decrease year-over-year. Despite this slump, Samsung anticipates improved factory utilization and demand recovery in the latter half of 2025.

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