Samsung Electronics' semiconductor business reports record annual loss
Publishing timestamp: 2024-01-31 04:24:29
Summary
Samsung Electronics reported a 34.57% drop in operating profit in the fourth quarter, in line with its guidance. The company's semiconductor business also fell into a record loss for the full year of 2023. However, Samsung expects moderate improvement in earnings in the first half of 2024 and a more significant improvement in the second half. The article also mentions the competition with Apple in the smartphone market and the recovery in memory chip prices. Samsung aims to establish itself as a leading brand in the AI smartphone market.
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Keywords: earnings, technology, taiwan semiconductor manufacturing co ltd, asia economy, business news, breaking news: technology,
Source: https://www.cnbc.com/2024/01/31/samsung-electronics-q4-2023-earnings-report.html