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.

Samsung Electronics recently unveiled its second-quarter earnings, revealing a notable dip in profitability that underscores the ongoing challenges within the global technology sector. The company posted an operating profit of 4.

Samsung Electronics forecast its earnings to fall significantly short of market expectations in the second quarter this year, dragged down by weak semiconductor