Samsung’s Q2 Profit Halved Amid Semiconductor Woes and Inventory Write-Downs

SEOUL, July 8 (Korea Bizwire) — Samsung Electronics reported a 56% drop in second-quarter operating profit, as its core semiconductor business struggled with falling demand, inventory losses, and geopolitical headwinds, reinforcing concerns over the company’s near-term growth trajectory. The tech giant on Tuesday announced preliminary earnings of 4.6 trillion won ($3.3 billion) on 74 trillion [...]