Samsung’s Q3 2024 profits are expected to drop by 10% due to a delay in its AI chip business from a major customer. Despite improved mobile and display earnings, analysts don’t foresee a quick recovery.
Samsung lags behind SK Hynix in AI chip sales and is relying on lower-margin chips, facing competition from Chinese companies. Vice Chairman Young Hyun Jun acknowledged the challenges and emphasized focusing on long-term competitiveness.
