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Samsung Electronics Faces 35% Drop In Q4 Operating Profit

Samsung Electronics has reported a 35 per cent decline in its fourth-quarter operating profit, a figure much worse than analysts had anticipated. The world’s leading memory chip, smartphone, and TV manufacturer estimated its operating profit to be 2.8 trillion won (USD 2.13 billion) for October-December, down from 4.31 trillion won in the same period the […]

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Samsung Cuts Memory Chip Output On Weak Demand Amid Supply Glut

Samsung Electronics said on Friday that it was reducing memory chip production after it flagged a 95.8 per cent plunge in first quarter’s operating profit from the same period last year, as a downturn in semiconductor demand hurts it and other manufacturers of the components, according to Nikkei Asia. “The company is cutting memory production […]

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