AI has yet to wake up Samsung Electronics’ profits

2023-07-07 15:57:36

Posted Jul 7, 2023, 7:01 a.m. Updated Jul 7, 2023, 5:57 p.m.

If all the tech giants and analysts are mobilizing on the future upheavals of the market caused by artificial intelligence, the manufacturers of the semiconductors necessary for the emergence of these new solutions are not yet overwhelmed with orders. On Friday, Samsung Electronics, the world’s largest memory chip company, revealed that its profit plunged 96% year-on-year in the second quarter.

According to its first estimates, the South Korean group would have generated, over the period from April to June, an operating profit of 600 billion won (420 million euros), once morest 14,100 billion won over the same period one year. earlier.

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#wake #Samsung #Electronics #profits

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Alexandra Hartman Editor-in-Chief

Editor-in-Chief Prize-winning journalist with over 20 years of international news experience. Alexandra leads the editorial team, ensuring every story meets the highest standards of accuracy and journalistic integrity.

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