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  1. Yogthos (yogthos@mas.to)'s status on Friday, 07-Apr-2023 21:22:12 UTC Yogthos Yogthos

    Samsung plans to reduce chip production after experiencing a 96% drop in profits https://www.reuters.com/technology/samsung-elec-q1-profit-likely-plunged-96-chip-glut-slashes-prices-2023-04-06/

    In conversation Friday, 07-Apr-2023 21:22:12 UTC from mas.to permalink

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    1. Samsung to cut chip output to ride out downturn; shares rally
      from Joyce Lee,Heekyong Yang
      Samsung Electronics Co Ltd said on Friday 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.

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