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Samsung to cut chip production after lowest profit in 14 years

Admin - 2 years ago
Technology
Samsung said it would make a cut to its chip production after posting lowest profit in 14 years. Operating profit plunged over 95% to 600 billion won ($455 million) for the quarter ended March, missing the analysts' estimate of 1.4 trillion won. "We're lowering...production of memory chips by a meaningful level, especially that of products with supply secured," Samsung said.
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