Samsung Projects 56% Profit Drop, Cites U.S. AI Chip Curbs on China
Samsung Electronics on Tuesday projected a 56% year-on-year decline in its second-quarter operating profit, attributing the sharp drop to U.S. restrictions on the export of advanced AI chips to China. In a regulatory filing, the South Korean tech giant said it expects operating profit for the April–June period to fall to 4.6 trillion won ($3.3…