Chip: now it’s a demand crisis. Samsung’s profits plummet

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The profits of Samsung Electronics Co. collapsed to their lowest level in about a decade in the last quarter, recording a worrying -69% and casting new, very heavy doubts on the state of the semiconductor industry, but also on that of the electronics market of consumption.
In fact, the South Korean company is paying dearly for the vertical drop in demand for memory chips, smartphones and displays, in a global context in which consumers are reducing expenses – especially those…