Published Thu, July 31, 2025, 08:26 AM
[SEOUL] Samsung Electronics reported Thursday a 55% decline in second quarter operating profit as high-bandwidth memory chip shipments and delays in US export curbs on advanced chip sales to China.
The world's largest memory chip maker recorded operating profit of 4.7 trillion won (S$4.4 billion) for the April-June period.
The results were pretty much in line with previous estimates of 4.6 trillion won, which had disappointed investors.
That revenue rose 0.7% to 74.6 trillion won, rising in line with previous estimates of 74 trillion won.
Long-term weakness in financial performance has deepened investors' concerns about the ability of South Korean tech giants to keep up with smaller rivals when developing high-bandwidth memory chips sold to customers such as NVIDIA and used in artificial intelligence data centers.
Samsung reported revenue just days after Tesla said it had signed a US$16.5 billion deal to raise chips for the tech giant. Reuters
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