Dollar Holds Near Two-Week High as Fed Rate Hike Bets Rise 
India Manufacturing Growth Slows to Five-Year Low in August 
Ukraine Sanctions Chief Heads to Washington to Push Russia Bill 
Global Markets Brace for Fed Rate Hike as Oil Tops $91 
RBNZ Raises Interest Rate to 2.75%, Kiwi Dollar Slides 
Asian Stocks Tumble as Oil Surge Fuels Rate Hike Fears 
Oil Prices Rise as U.S.-Iran Fighting Fuels Supply Fears 
Dollar Hits Two-Week High as Iran Conflict Lifts Oil and Bond Yields 
Gold Prices Steady as U.S.-Iran Tensions Lift Inflation Risks 
German Retail Sales Drop 3.4% in July 
Australia GDP Beats Forecast, Boosting RBA Rate Hike Bets 
Asian Currencies Mixed as Yen Nears 160, Oil Surges 
Oil Prices Rise as US-Iran Conflict Threatens Middle East Supply 
South Korea Inflation Rises to 3.1% in August 
Canada Backs €100 Billion Global Defence Bank 
Asian Stocks Slip as Fed Rate Hike Bets and Oil Surge Weigh 
China Manufacturing PMI Contracts Again as Recovery Remains Fragile 
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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:
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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.
