🔴 Samsung Electronics is trading 4.48% down today as CXMT’s DRAM progress raises competition concerns

Samsung Electronics is trading at €4050.00 (-4.48%) as CXMT’s reported progress in advanced DRAM raised concerns about stronger competition for Samsung and other memory-chip makers.

• Broader semiconductor weakness added pressure, with the sector trend attributed to memory-chip concerns and competition from CXMT.
• Separately, a report said Samsung asked suppliers to cut smartphone output 20%-30% in Q4 amid rising memory costs; available reporting does not directly link this news to the session’s decline.