Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
The revised article is largely accurate, but there are a few areas that could benefit from slight adjustments for accuracy and clarity. Here is the revision with only necessary changes:
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Samsung Electronics has warned that its third-quarter profit will fall short of market expectations\ due to delays in its AI chip business. The tech giant, known for its dominance in memory chips, faces stiff competition from Chinese rivals in both conventional and advanced semiconductor markets.
AI Chip Delays Impact Earnings
Samsung's delayed sales of its high-end HBM3E chips to a major customer, reportedly Nvidia, have negatively impacted its semiconductor earnings. Meanwhile, Chinese competitors have ramped up production of conventional chips, contributing to the decline in Samsung's market position.
Declining Profits and Increased Competition
Samsung reported an estimated operating profit of 9.1 trillion won ($6.78 billion) for Q3 2024, missing analysts' expectations of 10.3 trillion won. Although up from 2.43 trillion won a year earlier, this figure is down from the 10.44 trillion won reported in the previous quarter. The company is also struggling to compete with SK Hynix in supplying high-bandwidth memory (HBM) chips to Nvidia, the leader in the AI market.
Strategic Shifts Amid Market Pressure
Samsung's delayed response to the booming AI chip market has increased its reliance on lower-margin conventional chips, making it more vulnerable to competitors and weakened demand in the smartphone and PC sectors. Vice Chairman Young Hyun Jun acknowledged the challenges but emphasized Samsung's commitment to enhancing its long-term technological competitiveness.
Future Outlook
Despite improvements in its mobile and display divisions, Samsung's semiconductor business remains under pressure. Analysts foresee limited earnings improvement in the near term as the company faces intensified competition in both memory and contract chip manufacturing sectors.
Samsung will provide a detailed earnings report later this month, outlining its strategies for navigating the competitive chip landscape.
