Samsung Electronics' Q2 operating profit fell by 55% due to delayed memory chip shipments and U.S. restrictions on advanced chip sales to China.

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

Major stock indexes edged higher Monday to kick off what will be an extraordinarily busy week of news for financial markets.

SEOUL, July 31 (Yonhap) -- Samsung Electronics Co. said Thursday that its net income plunged nearly 50 percent in the second ...

Samsung Electronics reported on Thursday a 55% drop in second-quarter operating profit as delays in high-bandwidth memory ...

Just a few years ago, Samsung Electronics stood as a leading force in the global semiconductor race, dominating one chip ...

Samsung Electronics said on Thursday a trade deal that will see Washington charge 15% tariffs on imports from South Korea ...

The figures were not all doom and gloom, however, with Samsung’s Mobile eXperience division seeing revenue from smartphones ...

Samsung Electronics reported a second-quarter operating profit that missed expectations and more than halved from the same ...

Revenue rose 0.7% from a year earlier, to 74.566 trillion won. Operating profit dropped 55%, to 4.676 trillion won, as the company booked one-off inventory-value losses on unsold advanced chips due to ...

Samsung Electronics posted a 55% drop in second-quarter operating profit as delays in high-bandwidth memory (HBM) chip shipments and U.S. export restrictions on advanced semiconductor sales to China ...