Samsung Q4 profit outlook misses estimates by large margin as chip issues drag

SEOUL (Reuters) -Samsung Electronics released on Wednesday a fourth-quarter operating profit estimate that missed analyst estimates by a large margin, as it lagged behind rival SK Hynix in supplying high-end chips to Nvidia. Samsung's earnings were dented by rising research and development costs and the ramp-up of manufacturing capacity for advanced chips, as well as by slowing demand for conventional memory chips used in PCs and mobile phones, the company said in a statement. It did not provide any update on its progress in supplying high-bandwidth memory (HBM) chips used in artificial intelligence applications to Nvidia.