Samsung Electronics Co Ltd faces significant challenges in its chip division, with a 94% decline in profits for the June quarter, amid market volatility and US export controls.

Samsung Electronics has secured a $16.5 billion chip deal with Tesla, a significant agreement that will bolster its underperforming foundry unit and enhance its competitive position in the global semiconductor market.

Samsung Electronics Co Ltd reported a record-breaking first quarter in 2025, with a 10.05% revenue increase and 22% jump in net profit, driven by strong sales of its Galaxy X25 smartphones and strategic adaptability to global market dynamics.