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

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

Posted

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.

Read Full Article

Please log in to like, share and comment!

Business

Aadhaar biometric e-KYC now extended to RD, PPF accounts: Depositors can open accounts, withdraw without forms; Account closures and nominee changes coming soon

The Department of Posts has expanded Aadhaar-based biometric e-KYC services to include Recurring...

By 0 1

Entertainment

'People want to see Govinda again just to abuse ke 'mota hai'

Sheeba Akashdeep Sabir, known for her roles in 'Rocky Aur Rani Kii Prem Kahaani' and 'Suraksha,'...

By 0 15

Sports

Fan frenzy for Vaibhav Suryavanshi: Two girls drive 6 hours to meet him

India's Under-19 cricket sensation, Vaibhav Suryavanshi, is capturing hearts both on and off the...

By 0 16

International

‘Backbone of city’: Philadelphia union workers end strike; reach ‘historic deal’ with city

Philadelphia officials and District Council 33 have reached a tentative agreement, ending a...

By 0 45

Entertainment

Aditya shares vacay pics; fans ask 'who is the mystery girl?'

Aditya Roy Kapur's recent photo dump on social media has ignited a frenzy among fans, who are...

By 0 51