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8개월 전

Samsung's Chip Business Suffers $7 Billion Blow Amid Semiconductor Downturn

Benzinga
Benzinga
Samsung Electronics has announced that the worst is over for the global memory chip market. Still, it plans to extend production cuts due to a demand recovery primarily focused on high-end chips used in artificial intelligence. The semiconductor downturn has led to a record operating loss of 8.9 trillion won ($7 billion) for Samsung's chip business in the first half of the year. Despite expectations of a reduced loss in the current quarter, the business will likely remain in the red. The global economic slowdown and high-interest rates have dampened demand for consumer goods, leading to the need for continued production cuts across the industry. Samsung has orders for more HBM products this year, but a broader chip demand recovery is not expected until the following year. The mobile business reported a rise in operating profit. Samsung unveiled its latest foldable smartphones with prices comparable to previous models to challenge Apple's dominance in the high-end market.
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