Samsung’s sudden $122 billion wipeout shows the cost of sleeping on AI

As concerns mount that the company is losing out to smaller rival SK Hynix Inc. in AI memory and failing to gain on Taiwan Semiconductor Manufacturing Co. in outsourced chipmaking, Samsung shares have tumbled 32% from this year’s peak on July 9. The company has lost $122 billion of market value in that span, more than any other chipmaker worldwide.

Leave a Reply

Your email address will not be published. Required fields are marked *