68.8 F
Pakistan
Sunday, April 19, 2026
HomeBusinessEricsson lags profit expectations as AI demand drives up chip bill

Ericsson lags profit expectations as AI demand drives up chip bill

April 17: Sweden’s Ericsson reported a first-quarter core profit that slightly missed market expectations on Friday, citing increasing chip costs caused by artificial intelligence demand and a sales slowdown in North America. The network equipment maker is facing rising input costs partially due to high deman

Read full story on Channel Newsasia

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -
Google search engine

Most Popular

Recent Comments