💨 Abstract

Samsung Electronics expects lower Q3 profit due to delayed AI chip sales and increased competition from Chinese rivals, causing concerns about its technological competitiveness. The company's reliance on traditional, lower-margin chips has made it more vulnerable to competition, with analysts suggesting it lags behind SK Hynix in supplying high-bandwidth memory chips to AI leader Nvidia. Samsung's share price fell 1.6% after the earnings guidance.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖