Samsung Makes Rare Apology After Results Sag Despite AI Boom
- Chipmaker has fallen behind rivals in key AI memory segment
- Preliminary results show profit, revenue missing expectations
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Samsung Electronics Co. issued an apology to investors for disappointing results, admitting that the once-dominant memory chip giant is grappling with a potential crisis after losing its way.
Jun Young-hyun, newly appointed head of the core semiconductor business, promised to overhaul the organization in an unusually frank statement issued after Samsung disclosed worse-than-projected revenue and profit. In another filing, Korea’s largest company confessed to delays in delivering a key type of chip used with Nvidia Corp. processors for training AI — allowing SK Hynix Inc. to dominate the so-called high-bandwidth memory arena.