The world's biggest memory chip, smartphone and TV-maker is estimating an operating profit of $6.78 billion for Q3, versus a $7.6 billion forecast

Top executives from the Taiwanese tech giant were said to be discussing building a factory on a par with some of its biggest home sites

Samsung is struggling to keep up with smaller chip rival SK Hynix, while it’s also facing stiff smartphone competition from Apple and Huawei

China is scrambling to keep its technology ambitions on track amid rising trade tensions with the US and other western nations

The Korean giant remains bullish on AI demand, despite recent nervousness that its bubble might burst, after its chip division reported a $4.7 billion profit

The South Korean tech giant says its new cutting-edge power pack charges in just nine minutes and boasts a 20-year lifespan

Handset makers are banking on the rollout of artificial intelligence features to fuel the continued recovery in the global phone market

Any larger scale or protracted industrial action would be a headache for Samsung as it scrambles to catch up with rivals in chips used for artificial intelligence

Samsung, which launched its latest flagship smartphone Galaxy S24 series at the beginning of the year, shipped more than 60 million phones in Q1

Seoul is desperate to retain its world-leading role in semiconductors as AI takes chip development on to the next level

The key driver of the profit growth would be Samsung’s chip division, which is expected to report its first quarterly profit in five quarters

The US has reportedly been pressing Seoul, since the second-half of 2023, to implement export curbs targeting chip supplies to China