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Samsung shares plummet 32%, losing $122b to chip rivals
Samsung Electronics Co., South Korea’s largest company, has experienced a notable decline in market value.
Since 9 July, the company’s stock has dropped by 32%, resulting in a US$122 billion market value loss. This loss is the most significant among global chipmakers.
Investor concerns focus on Samsung’s position amid advancements by competitors.
SK Hynix Inc. progresses in AI memory. Meanwhile, Taiwan Semiconductor Manufacturing Co. leads in outsourced chip production.
Despite plans for a strategic shift, international investors such as Pictet Asset Management Ltd. and Janus Henderson Investors SP Ltd. remain doubtful about a swift recovery.
Foreign investors have sold approximately US$10.7 billion in Samsung shares since late July.
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