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Samsung Electronics reports 95% plunge in first quarter profit

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.. | April 26, 2023 ....

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Samsung flags H2 recovery after record chip loss in Q1

Samsung Electronics Co Ltd 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. ....

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SK Hynix Q3 profit plunges as economic downturn hurts chip demand

SEOUL (Reuters) -South Korea's SK Hynix Inc posted a 60% drop in third-quarter profit, missing estimates as red-hot inflation hurt demand for electron. ....

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SK Hynix says chip industry woes "unprecedented", to slash investment

By Joyce Lee and Heekyong Yang SEOUL (Reuters) -South Korean chipmaker SK Hynix Inc said on Wednesday the memory chip market is facing an "unprecedented deterioration", as its third-quarter profit tumbled 60% amid a surge ....

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In 'unprecedented' global chip slump, SK Hynix to halve investment as recession looms

By Joyce Lee and Heekyong Yang SEOUL (Reuters) -South Korea's SK Hynix Inc warned on Wednesday of an "unprecedented deterioration" in memory chip demand, deepening fears of global recession, and said it would slash investment ....

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