Samsung's Q2 Profit Halves Amid US Chip Restrictions and AI Shortfalls
Samsung Electronics reported a 56% drop in Q2 operating profit, significantly below estimates, mainly due to US restrictions on AI chip sales to China and delays in supplying high-bandwidth memory chips to Nvidia. The company faces challenges in maintaining competitiveness amid trade restrictions and fierce rivalry, with analysts expecting gradual profit recovery supported by new product launches and improved demand for HBM chips. Samsung plans a share buyback and will release detailed earnings later in July.