Samsung Electronics' market value plunges $122B, 32% share price drop due to AI memory competitiveness concerns.

Samsung Electronics has seen its market value plunge by $122 billion, a 32% drop in share prices since July, primarily due to concerns about its competitiveness in AI memory and outsourced chipmaking. The company is perceived as lagging behind rivals like SK Hynix and Taiwan Semiconductor Manufacturing Company. Despite promises for a business overhaul, investor confidence remains low as the AI boom reshapes the semiconductor landscape.

October 30, 2024
72 Articles