While Samsung remains the world’s leading memory chip manufacturer, it is facing increasing competition from rivals.

“Many people are talking about Samsung’s crisis.

We, who are leading the business, are responsible for all of this.”

Samsung confirms there are no plans to sell foundry business, issues apology over missed profits

The second quarter was even better, with a 15x increase in Samsung’s profits.

However, the amount falls short of the 10.3 trillion won LSEG SmartEstimate.

Mobile division earnings were up, as were those at Samsung’s display unit.

One analyst told Reuters that Samsung is lagging behind SK Hynix in increasing sales of HBM chips to Nvidia.

Lee wants to overtake TSMC as the world’s largest contract chipmaker by 2030.