Samsung's Profits Drop by 95% Amid Ongoing Chip Demand Slump
Samsung Electronics recently reported a significant 95% decline in operating profits in the last quarter. This decline was attributed to an oversupply of memory chips, causing a sharp drop in prices despite production cuts. Despite the challenging situation, Samsung managed to surpass analysts earnings projections.
Soult Ukpyolsi South Korea Kabir Jain Taiwan Semiconductor Manufacturing Co Outlook For Samsung Semiconductor Business Samsung Electronics
Source: gizbot.com