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 , the world's top memory chip maker, is expected to forecast on Wednesday its profit growth continued to slow in the fourth quarter as it struggled to keep up with Nvidia's strong demand for AI chips.

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.