Samsung in deep Kimchi

A little Snitz perspective here. Samsung isn't like most companies you're familiar with. This giant largely family-owned business is so big it represents 20% of the GDP of South Korea. They make everything from TVs to appliances, to smartphones to computer chips...I'm just getting started.

Most of the key family members who've run the place have been either jailed at one time or another by the government or accused of wrongdoing. Lot's of palace intrigue...but one thing's for sure. After they get caught they don't usually serve much time. The leadership is too crucial to the economic well-being of South Korea.

Since July of this year, the value of their stock has nosedived almost 40%. The biggest reason is they aren't keeping up with their Taiwanese competitors in the fiercely competitive & lucrative area of high-speed chips that power AI engines.

Samsung stocks fall to their lowest in over four years

TechInAsia

Nov 12, 2024

Since the beginning of the year, Samsung Electronics’ shares have declined by 34%, falling to their lowest in more than four years. This predicts their worst annual performance in over 20 years.

This drop is due to worries about potential US tariffs under President-elect Donald Trump’s administration.

Samsung, the world’s leading memory chip producer, has been underperforming against competitors like TSMC and Nvidia.

The primary reason is its delay in catching up with the growing demand for AI chips.