Samsung cuts memory chip production as it hits worst quarterly profit since 2009

TechCrunch
By Kate ParkApr 7, 2023, 1:04 am193 pts
Samsung Electronics plans to cut back memory chip production as its operating profit in the first quarter of 2023 is expected to plummet about 96% from the previous year. This will be the lowest profit posted by the South Korean tech giant since 1Q 2009. The global macroeconomic slowdown, memory chip…

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