Japan Signals Readiness to Act on Yen as Intervention Speculation Grows 
Trump Administration Declines USMCA Renewal, Opens Talks on New Trade Changes 
Moody’s Says Peru’s President-Elect Keiko Fujimori Could Boost Investor Confidence 
Asian Currencies Stay Under Pressure as Dollar Holds Near 13-Month High Ahead of U.S. Jobs Report 
Turkey Vehicle Sales Fall 11.4% in June as Auto Market Weakens 
South Korean Stocks Tumble as AI Chip Selloff Hits Asian Markets 
Oil Prices Steady as U.S.-Iran Talks Ease Supply Fears Ahead of Holiday Weekend 
China Services PMI Beats Forecasts as Strong Demand Supports June Growth 
Gold Price Holds Above $4,000 as Fed Rate Hike Expectations and U.S. Jobs Data Weigh on Market 
New Zealand Consumer Confidence Rises in June as Inflation Expectations Ease 
Brazil to Phase Out Gasoline Subsidy First as Diesel Support Stays Longer 
Greece’s Bad Loan Crisis Continues to Limit Credit Access Despite Economic Recovery 
U.S. Dollar Drops as Weak Jobs Data Boosts Fed Pause Bets, Yen Jumps on Intervention Talk 
Goldman Sachs Says China Competition Weighs More on EU Growth Than Trade Deficit 
US Resumes Dollar Shipments to Iraq After Months-Long Suspension 
US Stock Futures Hold Steady Ahead of June Jobs Report as Fed Rate Outlook Remains in Focus 
Wall Street Ends Mixed as Weak Jobs Data Lowers Fed Rate Hike Bets, Chip Stocks Tumble 
The revised article is largely accurate, but there are a few areas that could benefit from slight adjustments for accuracy and clarity. Here is the revision with only necessary changes:
---
Samsung Electronics has warned that its third-quarter profit will fall short of market expectations\ due to delays in its AI chip business. The tech giant, known for its dominance in memory chips, faces stiff competition from Chinese rivals in both conventional and advanced semiconductor markets.
AI Chip Delays Impact Earnings
Samsung's delayed sales of its high-end HBM3E chips to a major customer, reportedly Nvidia, have negatively impacted its semiconductor earnings. Meanwhile, Chinese competitors have ramped up production of conventional chips, contributing to the decline in Samsung's market position.
Declining Profits and Increased Competition
Samsung reported an estimated operating profit of 9.1 trillion won ($6.78 billion) for Q3 2024, missing analysts' expectations of 10.3 trillion won. Although up from 2.43 trillion won a year earlier, this figure is down from the 10.44 trillion won reported in the previous quarter. The company is also struggling to compete with SK Hynix in supplying high-bandwidth memory (HBM) chips to Nvidia, the leader in the AI market.
Strategic Shifts Amid Market Pressure
Samsung's delayed response to the booming AI chip market has increased its reliance on lower-margin conventional chips, making it more vulnerable to competitors and weakened demand in the smartphone and PC sectors. Vice Chairman Young Hyun Jun acknowledged the challenges but emphasized Samsung's commitment to enhancing its long-term technological competitiveness.
Future Outlook
Despite improvements in its mobile and display divisions, Samsung's semiconductor business remains under pressure. Analysts foresee limited earnings improvement in the near term as the company faces intensified competition in both memory and contract chip manufacturing sectors.
Samsung will provide a detailed earnings report later this month, outlining its strategies for navigating the competitive chip landscape.
