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Samsung on alert over gloomy semiconductor business outlook in 2023

The top executives of Samsung Group s affiliates held an emergency meeting earlier this week to discuss potential risks in the conglomerate s flagship semiconductor business and brace for the looming global economic recession, according to industry officials, Wednesday. This is the first time in six years that Samsung gathered the top executives of all of its affiliates, although the nation s largest business group had convened such meetings with electronics affiliates in June and electronics and financial services subsidiaries in September.

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