The South Korean company’s second-quarter operating profit is expected to be less than half of what the company reported last year. View on euronews

Samsung Electronics on Tuesday projected a far worse than expected 56% plunge in second-quarter operating profit due to weak AI chip sales, deepening investor concerns over the tech giant's ability to revive its struggling semiconductor business.

Analysts have said that Samsung has been declining, losing out to competitors because of factors other than the US export restrictions.