Samsung Q2 profits plummet on weak chip demand but optimistic on H2 recovery

Samsung's Q2 operating profit dropped 95% due to chip industry downturn.
Revenue declined 22.2% year-on-year with significant drops in operating profit and net income.
Losses largely attributed to weak demand for Samsung's semiconductor business.
Chip division recorded loss in Q2 but showed signs of improvement from previous quarter.
Samsung expects gradual recovery in global chip demand in the second half of 2022.