31-July-2026
Corporate News
 
Samsung Sees Chip Shortage Extending to 2028, Signs Long-Term Supply Deals
30-Jul-2026

Samsung Electronics said on Thursday it expects chip shortages to worsen and extend into 2028, after it posted a more than 250-fold jump in chip profit, countering investor concerns that feverish AI spending by major technology firms may slow and curb growth. Shares in the world's top memory chipmaker surged as much as 8% before trading down 1.1% on Thursday.

News Source:- https://money.usnews.com/investing/news/articles/2026-07-29/samsung-q2-profit-jumps-19-fold-as-ai-chip-demand-offsets-mobile-loss