Samsung Electronics Co.’s profit shrank more than expected after encountering hiccups in plans to sell cutting-edge AI memory to Nvidia Corp.

The South Korean technology giant has been struggling to catch up with smaller chip-making rivals SK Hynix and Micron Technology, which have benefited from brisk shipments of higher-end AI chips.

The South Korean company’s second-quarter operating profit is expected to be less than half of what the company reported last year. View on euronews

Samsung has settled claims that it conspired with Alphabet's Google to shield its app store Google Play from competition, “Fortnite” video game maker Epic Games said on Monday.

Epic Games Inc. settled its antitrust case against Samsung Electronics Co. that alleged the company was conspiring with Alphabet Inc.’s Google to block rival app marketplaces through default settings on mobile devices sold by the electronics giant.