Financial News

Samsung Profits Plunge 69% As Global Chip Demand In ‘Full-Fledged Ice Age’

The world’s largest memory chipmaker recorded an operating profit decline of 69% for the three months that ended in December — the worst drop in nearly a decade — as the semiconductor supply glut worsens. Preliminary numbers released by Samsung showed the company’s operating profit declined to 4.3 trillion won ($3.4 billion) last quarter, missing the average […] Source
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