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 expects a steep 56% decline in its second-quarter operating profit, signaling continued struggles in its semiconductor division. The company projected Q2 operating profit of 4.6 trillion won ($3.