Samsung’s loses billions on chips as overall profits decline 95 percent

Samsung’s logo set in the middle of red, black, white, and yellow ovals. Illustration by Alex Castro / The Verge

Samsung’s memory chip business just had a terrible quarter, as falling demand and high inventories contributed to a 4.58 trillion won (around $3.4 billion) loss from the division, Bloomberg reports. The loss at the unit, which CNBC reports is typically its largest profit driver, contributed to Samsung’s quarterly operating prof...

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