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Samsung Electronics Co., Ltd. (OTCPK:SSNLF) Q2 2025 Earnings Conference Call July 30, 2025 9:00 PM ET Call Participants Daniel Araujo - Vice President of Mobile Experience Samsung Electronics Co., Ltd.
Samsung second-quarter profit halves, missing expectations
Samsung Electronics reported on Thursday a 55% drop in second-quarter operating profit as delays in high-bandwidth memory chip shipments and U.S. export curbs on advanced chip sales to China continued to drag on its key semiconductor division.
Samsung's troubled foundry business gets a shot in the arm. Despite the post-announcement move, the market isn't as bullish as it could be. The fundamental case looks a lot more compelling for Samsung here.
South Korean AI chip startup Rebellions raised money from tech giant Samsung as part of a funding round that could be up to $200 million. Rebellions is aiming to go public at some point after the current funding round is closed, its CFO told CNBC.
Samsung Electronics (KRX:005930) has signed a $16.5 billion agreement to manufacture artificial intelligence chips for Tesla Inc (NASDAQ:TSLA), with production set to take place at the Korean giant's new facility in Taylor, Texas. The deal, confirmed by Elon Musk on his social media platform, is for Tesla's next-generation AI6 chips and runs until the end of 2033.
The chairman of South Korea's Samsung Electronics Jay Y. Lee departed on Tuesday to Washington for a business trip, a company spokesperson said, a day after unveiling a $16.5 billion deal to supply chips made in Texas to Tesla.
Shares in Samsung Electronics fell 1% on Tuesday after the South Korean technology company staged a powerful rally in the previous session on news of a $16.5 billion deal to supply chips to Tesla.
Simplify Asset Management Portfolio Manager Michael Green discusses how investors are preparing for a busy week of tech earnings, as Microsoft, Meta, Apple, and Amazon are set to release quarterly results. Green speaks with Caroline Hyde and Ed Ludlow on “Bloomberg Tech.”
Samsung will produce AI semiconductors for Tesla, in a $16.5 billion pact that marks a win for its underperforming foundry division. Bloomberg's Peter Elstrom discusses changes in the chip market with Caroline Hyde and Ed Ludlow on “Bloomberg Tech.