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Samsung Electronics says the global chip shortage could last until 2028, while posting a 250-fold jump in chip profit for the second quarter

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Samsung Electronics flagged a 19-fold jump in second-quarter operating profit from a year earlier, but its shares slid as the results failed ‌to ease concerns about the durability of the AI-driven chip boom. More here:
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Samsung reported record quarterly profit driven by a 49-fold jump in chip income, saying it expects a severe supply shortage to deepen next year as clients spend on AI, driving up prices of its memory chips
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Global smartphone shipments fell 11% in the second quarter to their lowest level for the period since 2013, as a prolonged memory chip shortage drove up handset prices and dampened demand, according to early estimates from Counterpoint Research
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Samsung Electronics and its union failed to reach a pay deal, raising the risk of a strike that could disrupt chip production. South Korea's prime minister called for more dialogue as authorities monitor the situation to prevent a strike
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Global smartphone shipments fell 11% in the second quarter to their lowest level for the period since 2013, as a prolonged memory chip shortage drove up handset prices and dampened demand, according to early estimates from Counterpoint Research
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𝐒𝐂𝐀𝐑𝐘: For the first time in 30 years, Nvidia will not release a gaming GPU this year due to global memory chip shortage.
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Chip stocks pulled the Nasdaq and the ​S&P 500 lower as they continued to lead broader market moves despite generally upbeat US economic data and a strong start to second-quarter earnings season
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ASML, the world's biggest supplier of computer ‌chip manufacturing equipment, raised its 2026 financial forecasts and said it will expand capacity after AI demand drove better-than-expected second-quarter earnings
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Samsung Group will announce on June 29 plans to invest $648 billion in South Korea over 10 years, including a potential $194 billion to build chip factories in the southwest of the country, a media report said
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Samsung Group will announce on June 29 plans to invest $648 billion in South Korea over 10 years, including a potential $194 billion to build chip factories in the southwest of the country, a media report said

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