Samsung Electronics Profit Tumbles 35% Amid Ongoing Chip Weakness

Bloomberg Television published this video item, entitled “Samsung Electronics Profit Tumbles 35% Amid Ongoing Chip Weakness” – below is their description.

Samsung Electronics Co.. South Korea’s largest company, posted its sixth straight quarter of declining operating profit. The results underscore how demand for smartphones and the memory chips that power modern electronics remains sluggish given economic uncertainty. Yoolim Lee reports on Bloomberg Television.

Read more on this story here: https://www.bloomberg.com/news/articles/2024-01-08/samsung-profit-tumbles-35-as-chip-weakness-persists?sref=AjXJC2ym

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In This Story: Samsung

Samsung Electronics Co., Ltd. is a South Korean multinational electronics corporation headquartered in the Yeongtong District of Suwon. It is the pinnacle of the Samsung chaebol, accounting for 70% of the group’s revenue in 2012.

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