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Samsung Expects Earnings Improvement

The Wall Street Journal on MSN · 25m

Samsung Expects Earnings Improvement After Profit Drop

The world’s largest maker of memory chips and smartphones posted lower quarterly net profit, but expects earnings to regain momentum in the second half of this year.

MarketWatch · 27m

Samsung Expects AI-Fueled Earnings Improvement After Profit Drop -- 2nd Update

Contrary to Samsung's optimistic outlook, second-quarter net profit declined 48% from a year earlier to 5.116 trillion won, equivalent to $3.67 billion. That missed the 5.740 trillion won consensus estimate of analysts in a FactSet poll. Compared with the previous quarter, profit fell 38%.

Bloomberg on MSN · 42m

Samsung’s Chip Profit Tumbles While Investors Seek Bottom

Samsung Electronics Co.’s chip unit plunged a far bigger-than-expected 94% in the June quarter, reflecting the depth of a slump that’s plaguing the world’s largest memory chipmaker.

Samsung makes massive Tesla deal

Interesting Engineering on MSN · 2d

Samsung lands $16.5 billion Tesla chip deal to power next-gen AI, Elon Musk confirms

Samsung’s giant new Texas fab will be dedicated to making Tesla’s next-generation AI6 chip. The strategic importance of this is hard to overstate. Samsung currently makes AI4. TSMC will make AI5, which just finished design, initially in Taiwan and then Arizona.

Elon Musk says Tesla and Samsung have signed a $16.5 billion chip deal

Tesla CEO Elon Musk said the U.S. automaker had signed a $16.5 billion deal to source chips from Samsung Electronics, a move expected to bolster the South Korean tech giant’s loss-making contract manufacturing business.

Reuters on MSN · 46m

Samsung says tariff agreement reduces uncertainty, expects boost from Tesla deal

Samsung Electronics said a trade deal between South Korea and Washington will help to alleviate business uncertainty, as the technology giant forecast more major chip orders after signing a $16.5 billion deal with Elon Musk's Tesla .

1d

Elon Musk on $16.5B Samsung-Tesla Deal: ‘Hard to Overstate’ Its Importance

Samsung will produce AI6 semiconductors, the next-generation chip, for Tesla’s self-driving mode and other projects.

Elon Musk Predicts $30 Trillion From Tesla’s Robots, Calls AI ‘Supersonic Tsunami’

Elon Musk predicts Tesla’s Optimus robots could drive $30T in annual revenue, marking a bold AI pivot beyond electric ...

2hon MSN

Samsung says tariff agreement reduces uncertainty, expects Tesla deal to boost orders

Samsung Electronics said a trade deal that will see Washington charge 15% tariffs on imports from South Korea reduces ...

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