Samsung Electronics on Wednesday unveiled thinner, lighter new foldable phones as it aims to fend off Chinese competition in the higher-margin, premium segment that remains untapped by arch rival Apple .

Samsung did something strange to start hyping up its next foldable phone announcements. But that didn’t actually happen. While Samsung says the Fold7 and Flip7 address a lot of the complaints people have about foldable phones,

In addition to its new flippable and foldable phones, Samsung showed off the Galaxy Watch8 and Galaxy Watch8 Classic.

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