💨 Abstract
Samsung Electronics' preliminary Q4 operating profit fell short of estimates, due to higher costs associated with providing high-end chips to Nvidia, rising R&D expenses, and slowing demand for conventional memory chips. The company expects an operating profit of 6.5 trillion won, down 29% from Q3. Rival SK Hynix is expected to post record earnings for Q4.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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