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.

China export restrictions affect foundry business while Nvidia has yet to approve tech group’s advanced products

Samsung Electronics said today that it expects its second quarter operating profits to drop 56%, blaming the US export controls on advanced AI chips to China. The firm is the flagship subsidiary of South Korean giant Samsung Group,

Amazon Prime Day has officially kicked off as of July 8, and the deals on Samsung Galaxy products are starting off strong.

Amazon’s Prime Day in July is here, and it’s the perfect time to consider upgrading that old 1080p or first-gen 4K set. While it’s been nice to see TV prices fall in general over the years, there’s always room for even more discounts.

The Samsung TV has a list price of $1,645 but is now on sale for just $797: That’s a whopping $848 off, or 52% off the regular price. It’s rare to see a premium TV like this dip below the $800 mark, and it’s a clear sign that Amazon is pulling out all the stops for this sales event.