Samsung Electronics, the world’s largest memory chip maker, said Thursday it will further slash memory chip production and gear up to respond to the rising demand for artificial intelligence-related chips, as its chip business reported a consecutive drop in operating profit for the second quarter this year. In a regulatory filing, Samsung reported it achieved 60 trillion won ($47.1 billion) in consolidated reve.
Samsung posts worst quarterly earnings in 14 years Asia News Network (ANN) is the leading regional alliance of news titles striving to bring the region closer, through an active sharing of editorial content on happenings in the region.