Samsung Electronics estimated on Tuesday its third-quarter operating profit jumped 274%, but that was short of analysts' estimates as the tech giant struggled to capitalise on strong demand for chips used in artificial intelligence servers.

SEOUL – Samsung Electronics issued a lengthy apology after posting disappointing results, an unusual admission by the world’s largest memory chipmaker that it is grappling with a potential crisis.

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.

Samsung Electronics warned its third-quarter profit would come in below market expectations and apologised for the disappointing performance with the tech giant lagging its rivals in supplying high-end chips to Nvidia in the booming AI market.

In a rare moment of contriteness, Samsung has apologized to investors for its tanking revenues and AI chip delays. The post Samsung Issues Rare Apology as It Fails to Deliver AI Chips appeared first on Tech.

Samsung Electronics estimated on Tuesday its third-quarter operating profit jumped nearly four-fold but missed analysts' estimates, prompting a rare apology from the tech giant for lagging rivals in the booming AI chip market.

Samsung Electronics (SSNLF) has issued a rare apology after warning of weaker-than-expected third-quarter profit. Read more details here.

Samsung Electronics, once a dominant force in the semiconductor industry, has issued a rare apology to investors, acknowledging a potential crisis within the company.