Samsung predicts gradual second-half recovery after Q2 chip profits plunge 94%
SEOUL: 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. export curbs on advanced semiconductor sales to China.
The South Korean tech giant said on Thursday it expected the industry environment would improve in the second half, driven by artificial intelligence demand due to continued investments by major cloud service providers.
