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Samsung’s profit craters as demand for phones and memory chips remains low [TechSpot]
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Samsung’s semiconductor business isn’t doing well. The company reported a record 4.6 trillion won ($3.4 billion) loss from the chip division in the first quarter of 2023, which had been one of its main revenue drivers for the past several years. This starkly contrasts the 8.5 trillion won ($6.3 billion)…