Samsung profits drop 55% as US chip export curbs hit China sales ...Middle East

The company posted 4.7 trillion won ($3.4 billion) in operating profit for April-June, down from 10.4 trillion won a year earlier.

The company acknowledged challenges but expressed optimism about AI-driven demand in the second half of 2025.

Analysts see the Tesla agreement as crucial for Samsung’s competitiveness against rivals like TSMC and SK hynix.

The firm plans to ramp up production and improve profitability through expanded sales to key clients. - AFP

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