Samsung will focus on high-end chip production after disappointing Q3 profit. Rival TSMC reported record profit from AI chip sales to Nvidia.
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00:00Samsung says it will focus on production of AI chipsets to increase profits after its
00:05chip business suffered a 40 percent drop in profit from the last quarter.
00:09The chip giant reported a total third-quarter profit of $6.6 billion U.S. dollars, down
00:14from $7.5 billion in Q2.
00:17Competitors TSMC and SK Hynix reported high earnings from AI chip sales to NVIDIA.
00:23Samsung issued a rare apology for its low earnings in early October.