Samsung Electronics reported an operating profit of approximately 6.5 trillion won ($4.4 billion) for the fourth quarter of 2024, significantly below analysts’ earlier projections of $5.8 billion. This marks a steep decline from the $8.

South Korea's Samsung Electronics said on Wednesday it expected fourth-quarter profits to be sharply down compared with the previous quarter, falling short of expectations as the company struggled to meet robust demand for chips used in artificial intelligence servers.

Nvidia CEO says Samsung needs to redesign HBM, but expresses confidence in firm's success Samsung Electronics on Wednesday estimated more than a twofold increase in its fourth quarter operating profit compared to the same period last year,

Samsung Electronics released on Wednesday a fourth-quarter operating profit estimate that missed analyst estimates by a large margin, as it lagged behind rival SK Hynix in supplying high-end chips to Nvidia.

Samsung reported mixed financial results, with fourth quarter 2024 revenue of KRW75 trillion (US$51.26 billion) showing growth amid an operating profit decline, impacted by weak mobile demand and delays in high-bandwidth memory (HBM) supply to Nvidia.