Samsung Profits Plunge 69% As Global Chip Demand In ‘Full-Fledged Ice Age’
January 06, 2023 at 12:21 PM EST
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
