Samsung Q4 earnings hit by AI chip supply delay

SEOUL — Samsung Electronics, the world's top memory chipmaker, is expected to forecast on Wednesday its profit growth continued to slow in the fourth quarter as it struggled to keep up with Nvidia's strong demand for artificial intelligence chips.Samsung, also the world's largest smartphone and TV maker, is expected to estimate its operating profit rose to 8.2 trillion won in the quarter ended December, up from a low base of 2.8 trillion won a year earlier but down from 9.

In contrast, Samsung's cross-town rival, SK Hynix, a major supplier of advanced AI memory chips to Nvidia, is expected to post record earnings for the fourth quarter, analysts said.Lackluster demand for traditional chips used in mobile phones and PCs and rising output from Chinese rivals has put pressure on chip prices, analysts said.

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