Samsung to cut chip output to ride out downturn; shares rally
By Joyce Lee and Heekyong Yang SEOUL (Reuters) -Samsung Electronics Co Ltd said on Friday it would make a
Source: saltwire.com
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Samsung to cut chip production after 14-year low profit
SEOUL :Samsung Electronics Co Ltd said on Friday it would make a "meaningful" cut to chip production, following the lead of smaller rivals, as it grapples with a sharp global downturn in semiconductor demand that has sent prices plummeting.The unusual output cut by the world's biggest memory chipmaker - with
Source: channelnewsasia.com
Samsung Electronics says first-quarter profit likely plunged 96% as chip glut slashes prices
The figure was worse than analysts had forecast, as a chip glut worsened and buyers slowed purchases amid a global economic slowdown.
Source: cnbc.com
Samsung To Cut Chip Output To Ride Out Downturn; Shares Rally
Samsung Electronics Co Ltd said on Friday it would make a "meaningful" cut to chip production, following the lead of smaller rivals, as it grapples with a sharp global downturn in semiconductor
Source: ibtimes.com
'Samsung profits lowest level in 14 years'
Copyright Emerce Samsung Electronics' first-quarter profit is to fall 92 percent to its lowest level in 14 years. Main cause is chip surplus as data centers and computer manufacturers slow down... | April 5, 2023
Source: marketscreener.com