<ul data-eligibleForWebStory="false"><li>Samsung Electronics projected a 56% drop in second-quarter profit due to US export curbs on AI chips and increased competition in the chip market.</li><li>Competitors like SK Hynix, Micron, ChangXin Memory Technologies, and Huawei are gaining market share in chip production, while Samsung faces challenges in supplying chips to Nvidia.</li><li>The company's stock has declined over 30% in the past year, and US tariffs on South Korea add to the struggles faced by Samsung in the chip market.</li><li>Despite announcing a share buyback plan, uncertainties in tariff policies and demand volatility pose significant risks to Samsung's performance moving forward.</li></ul>

Samsung's brutal profit plunge shows how far the company has slipped in the chip war

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