Samsung profits plunge 95%

11:33pm, Wednesday, 26'th Apr 2023
Samsung Electronics flagged a gradual recovery for chips in the second half of the year after its semiconductor business reported a record loss on Thursday, driven by weak demand for tech devices.
Samsung Electronics Co., Ltd. (SSNLF) Q1 2023 Earnings Call Transcript.
Samsung Electronics Co.'s KR:005930 first-quarter net profit slid 86% from a year earlier, with its semiconductor segment posting a large loss amid a downturn in the chip industry.

Samsung Posts Record Chip Losses

09:29pm, Wednesday, 26'th Apr 2023
Samsung Electronics Co. posted record quarterly losses in its chip division, demonstrating the broad fallout from a global downturn dogging the biggest technology firms. Youkyung Lee reports on Bloomb
Samsung's profit plunged in the first quarter of 2023 as prices for memory chips continued to fall and demand remained weak.
Samsung Electronics Co Ltd reported a 95% plunge in first-quarter profit on Thursday as it grapples with a sharp global downturn in semiconductor demand that has sent prices plummeting.
90% of the earth's surface has no cellular cover, but that could be changing soon. AST SpaceMobile says it's achieved the first-ever earth-to-space phone call using an ordinary, unmodified Samsung Gal
General Motors Co. GM and South Korea-based Samsung SDI Co. Ltd. KR:006400 announced Tuesday plans to invest more than $3 billion to build a battery cell manufacturing plant in the U.S. to scale elect
Samsung Electronics (KRX:005930) was ordered Friday to pay more than $303 million in damages to computer memory firm Netlist (NASDAQ:NLST) Inc in a patent infringement case.  The case, decided by a f
Samsung said this month that it would report operating profit of 600 billion Korean won ($449 million) for the first quarter, its worst number in 14 years.
Netlist Wins Over $300 Million From Samsung In The First Of A Series Of Patent Infringement Lawsuits.
Computer-memory company Netlist Inc convinced a federal jury in Texas on Friday to award it more than $303 million for Samsung Electronics Co's infringement of several patents related to improvements
LIT: Invest In EV Trend, While Eliminating Company-Specific Risk.
Microsoft's new partnership with OpenAI has many investors worried about increasing competition with Google. Samsung is reportedly thinking of moving its default search engine to Bing.
Samsung announced today that it's introducing a “Samsung News” app that gives users access to everyday news from a variety of publications. The app, which will replace the company's current “Sam
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