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Samsung profit tumbles

Samsung profit tumbles as it struggles to catch up in the AI chip race

Just a few years ago, Samsung Electronics stood as a leading force in the global semiconductor race, dominating one chip sector and eyeing Taiwan’s TSMC in the battle for supremacy in another.

Bloomberg on MSN · 38m

Samsung Chip Profit Tumbles While Investors Seek Bottom

Samsung Electronics Co.’s chip unit plunged a far bigger-than-expected 94% in the June quarter, reflecting the depth of a slump that’s plaguing the world’s largest memory chipmaker.

Reuters · 2h

Samsung predicts gradual second-half recovery after Q2 chip profits plunge 94%

Samsung Electronics forecast a gradual second-half recovery for its chips business after second-quarter operating profit at the division plunged 94% from a year earlier due to shipment delays and U.S.

Samsung makes massive Tesla deal

Forbes on MSN · 2d

Musk Announces Deal With Samsung For Tesla AI Chips Made In Texas—Touts ‘Strategic Importance’

In a regulatory filing in South Korea, Samsung announced it has secured a $16.5 billion multi-year deal to make chips for a “big global company.”

Bloomberg on MSN · 2d

Samsung to Make Tesla AI Chips in Multiyear Texas Deal

Samsung Electronics Co. will produce AI semiconductors for Tesla Inc. in a new $16.5 billion pact that marks a win for its underperforming foundry division.

Austin American-Statesman · 2d

Tesla taps Samsung in $16.5B AI chip deal tied to new Austin-area facility

Samsung will produce Tesla’s next-gen AI chips at its semiconductor plant set to open next year northeast of Austin in Taylor.

20m

Samsung chip arm logs big profit miss in sign of widening crisis

Profit fell after Samsung’s foundry arm booked a one-time inventory cost as export controls led to unsold AI chips.

Hoodline8h

Tesla and Samsung Seal $16.5 Billion Deal for AI Chip Production in Taylor, Texas, Sparking Economic Optimism

Tesla and Samsung sign a $16.5 billion deal for AI chip production in Taylor, Texas, set to strengthen the local economy and ...

DIGITIMES2h

Samsung's Lee Jae-yong visits DC with US tariff negotiations ongoing, eyes further Texas investment

Samsung Electronics Chairman Lee Jae-yong recently made a spontaneous trip to Washington, DC, to assist South Korea in ongoing reciprocal tariff negotiations with the US. As AI semiconductors emerge ...

2don MSN

Tech giants strike major Texas AI development deal

Tesla CEO Elon Musk announced that Samsung will supply the Austin automaker's next-generation chips in a $16.5 billion deal at Samsung's Texas facility . "Samsung's giant new Texas fab will be ...

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