Samsung to cut chip production after posting lowest profit in 14 years
Samsung Electronics said on Friday it would make a “meaningful” cut to chip production after flagging a worse-than-expected 96% plunge in quarterly operating profit, as a sharp downturn in the global semiconductor market worsens. Shares in the world’s largest memory chip and TV maker rose 3% in early trading, while rival SK Hynix shares surged […]
Continue Reading