Samsung chip production

Samsung Electronics Co Ltd said it would make a "meaningful" cut to chip production, following the lead of smaller rivals, as it grapples with a sharp global downturn in semiconductor demand that has sent prices plummeting.The unusual…

Last Updated: April 07, 2023, 06:43 ISTSamsung estimated its operating profit fell to 600 billion won ($455.5 million) in January-March, from 14.12 trillion won a year earlier. (Image: Reuters)Shares in the world’s largest memory chip and…