Samsung’s Q2 Profit Drops Over 95 Percent as Chip Oversupply Continues
[ad_1] Samsung Electronics on Thursday reported a more than 95 percent plunge in operating profits in the second quarter owing to weak demand for memory chips. The firm is the flagship subsidiary of South Korean giant Samsung Group, by far the largest of the family-controlled conglomerates that dominate business in Asia’s fourth-largest economy. Operating profit … Read more