Samsung Electronics plans to cut back memory chip production as its operating profit in the first quarter of 2023 is expected to plummet about 96% from the previous year. This will be the lowest profit posted by the South Korean tech giant since 1Q 2009. The global macroeconomic slowdown, memory chip oversupply and sluggish demand […]
Samsung cuts memory chip production as it hits worst quarterly profit since 2009 by Kate Park originally published on TechCrunch...