Samsung posts earnings shock as profit plunges 56% in Q2

Chipmaker struggles to supply advanced AI chips to key customers

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Samsung's second-quarter earnings were far below market expectations. (Photo by Masayuki Kozono)

KIM JAEWON

SEOUL -- Samsung Electronics posted a shock earnings result for the second quarter, with operating profit plunging 55.9% on the year to 4.6 trillion won ($3.3 billion) as its semiconductor business struggled to supply advanced artificial intelligence chips to key customers.

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