Ericsson lags profit expectations as AI demand drives up chip bill
Mihaela Păun
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 demand for AI technology that is driving up prices of semiconductors, CEO Börje Ekholm said in a statement. "We are working together with our suppliers to mitigate this. But also, we will need
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