Samsung Electronics said Tuesday it expected its second-quarter operating profits to fall by more than half, blaming US export controls on advanced AI chips to China.
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Samsung Electronics has forecast a year-on-year decline in the global smartphone market in the second half of 2025, citing rising macroeconomic uncertainties driven by U.S. tariff policies.
Samsung Electronics on Tuesday posted the highest ever figures for its first quarter sales forecast and said it predicted a better-than-expected performance for profits, beating market expectations.