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

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 Q1 2009. The global macroeconomic slowdown, memory chip oversupply and sluggish demand []Samsung cuts memory chip production as it hits worst quarterly profit since 2009 by Kate Park originally published on TechCrunch
Click here to read full news..