SEOUL, July 8 (Reuters) - Samsung Electronics ( SSNLF )
on Tuesday projected a 56% drop in second-quarter
operating profit from a year earlier, missing analysts'
estimates.
Its chip business struggled with weak sales of artificial
intelligence chips, dogged by delays in the supply of its latest
chips to Nvidia ( NVDA ) and continued losses in its contract
chip manufacturing business, analysts said.
The world's largest memory chipmaker estimated an operating
profit of 4.6 trillion won for the April-June period, versus a
6.2 trillion won LSEG SmartEstimate.