Samsung's third-quarter profit expected to drop 80%, demand for artificial intelligence high bandwidth memory chips remains strong
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Translated data:
According to reports, Samsung Electronics anticipates a 80% decline in third-quarter profits compared to the same period last year, with its chip business potentially facing losses. Analysts believe that Samsung continues to cut chip production to address the global oversupply of chips, but demand for high-bandwidth memory chips for artificial intelligence remains strong. The mobile business has performed reasonably well in the third quarter, driven by the launch of new foldable screen phones. The industry expects that, influenced by economic uncertainties, demand for memory chips is likely to recover as early as the beginning of next year.
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