🧔♂️ A friendly human may check it before it goes live. More news here
Samsung Q4 profit growth slows due to Nvidia chip delay
Samsung Electronics is expected to report a reduced profit growth for Q4 of 2024, primarily due to delays in supplying AI chips to Nvidia.
The company anticipates announcing a provisional operating profit of 8.2 trillion won (US$5.6 billion).
This figure represents a significant increase from last year’s 2.8 trillion won (US$1.92 billion) but indicates a decline from the 9.18 trillion won (US$6.30 billion) recorded in the previous quarter.
Analysts have adjusted their forecasts, with some predicting profits may dip below 8 trillion won (US$6 billion).
Samsung’s contract chipmaking business, which produces chips for clients like Qualcomm, is also expected to remain unprofitable.
Recent Samsung developments
| Timeline |
|---|
01-Jan-2025 🤖 Samsung to make South Korean robotics startup as new subsidiary
|
12-Dec-2024 ⚖️ Samsung disputes data seizure in India competition raid
|
27-Nov-2024 🔄 Samsung reshapes chip leadership to target AI, profit woes
|
25-Nov-2024 ⚖️ Samsung chairman faces 5-year sentence over merger case
|
| 17-Nov-2024 💰 Samsung to buy back $7.17b shares amid price decline |
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.