Samsung Electronics on Tuesday projected a far worse than expected 56% plunge in second-quarter operating profit due to weak AI chip sales, deepening investor concerns over the tech giant's ability to revive its struggling semiconductor business.

Samsung Electronics reports a 56% drop in operating income for Q2, marking its first profit decline since 2023 due to challenges in the memory chip market.

Samsung Electronics recently unveiled its second-quarter earnings, revealing a notable dip in profitability that underscores the ongoing challenges within the global technology sector. The company posted an operating profit of 4.