Samsung projects large drop in second-quarter profit as it faced U.S. AI chip curbs on China

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Samsung Electronics SSNLF projected a 56-per-cent drop in second-quarter operating profit from a year earlier, far worse than analysts expected as its struggling chip business faced U.S. chip curbs on China.
The world’s largest memory chipmaker blamed the profit miss mainly on its Device…

This story appeared on theglobeandmail.com, 2025-07-07 23:40:16.
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