Samsung Electronics estimated on Tuesday its third-quarter operating profit jumped 274%, but that was short of analysts' estimates as the tech giant struggled to capitalise on strong demand for chips used in artificial intelligence servers.

When the Korean appliance and electronics giant announced weaker-than-expected guidance on Tuesday for Q3 earnings, vice chairman Young Hyun Jun addressed the results in a forthright letter to customers,

The post Samsung Electronics apologizes for disappointing financial results appeared first on Android Headlines.

Samsung Electronics warned its third-quarter profit would come in below market expectations and apologised for the disappointing performance with the tech giant lagging its rivals in supplying high-end chips to Nvidia in the booming AI market.

In a rare moment of contriteness, Samsung has apologized to investors for its tanking revenues and AI chip delays. The post Samsung Issues Rare Apology as It Fails to Deliver AI Chips appeared first on Tech.