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Samsung reportedly halts AI chip work for China
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Samsung reportedly halts AI chip work for China

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Samsung’s semiconductor foundry has reportedly informed clients in mainland China of its decision to halt advanced process services for AI chip companies.

This move, reported by Taiwan’s United Daily News, aligns with a recent decision by TSMC.

Samsung has not officially commented on this development.

Recent Samsung developments

Timeline
13-Nov-2024 📉 Samsung stocks fall to their lowest in over four years
  • Samsung shares fall 34%, lowest in 4 years
  • Delayed AI chip production worsens market performance
08-Nov-2024 📉 Samsung loses lead to SK Hynix amid AI demand surge
  • Samsung lags behind SK Hynix in chip production.
  • Company loses $126B in market value, profits decline.
01-Nov-2024 💻 Samsung focuses on high-value AI chips post-earnings miss
  • Samsung focuses on high-value chip production
  • Q3 profit missed expectations at 9.2 trillion won
30-Oct-2024 📉 Samsung shares plummet 32%, losing $122b to chip rivals
  • Samsung’s stock dropped 32%, losing $122B value
  • Foreign investors sold $10.7B in shares since July
22-Oct-2024 🤝 Samsung, Intel eye foundry alliance to challenge TSMC
  • Intel CEO to meet Samsung’s Chairman for talks
  • Potential collaboration to boost competitiveness
16-Oct-2024 🔧 Samsung India workers end strike after 37 days

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