Samsung plans to cut memory chip production to a “meaningful level” after estimating that its Q1 operating profit fell 95%+ YoY to ~$450M, its lowest since 2009
no, like, really bad Msmash / Slashdot : Samsung To Cut Chip Production as Profits Plunge by 96% Adrian Potoroaca / TechSpot : Samsung scales back memory chip production as profit craters TechPowerUp : Samsung Profits Down 96%, Cutting Back on Memory Chip Production Sam Lover : Samsung had a not-so-good financial start in the 1st quarter Anton Shilov / Tom's Hardware : Samsung to Cut 3D NAND and DRAM Production PC Gamer : Samsung cuts chip production as profits implode John Callaham / Neowin : Samsung's semiconductor division is cutting production of its chips as demand plummets Benjamin Godfrey / Coinspeaker : Samsung Records Worst Profit Since 2009, Set to Cut Chip Production Kate Park / TechCrunch : Samsung cuts memory chip production as it hits worst quarterly profit since 2009 Kim Joo-Heon / ajunews : Samsung Electronics' operating profit in Q1 2023 decreases 96% year-on-year Steve Dent / Engadget : Samsung warns of lower profits amid falling demand for memory chips Omar Sohail / Wccftech : Samsung Expects Its Operating Profit To Drop By 96 Percent, The Biggest In 14 Years, But Company's Flagship Phone Sales Are Thriving Leigh Mc Gowran / Silicon Republic : Samsung to cut chip production amid severe profit plunge Thomas Ricker / The Verge : Samsung's having a terrible financial year Song Jung-a / Financial Times : Samsung to cut memory chip output to tackle global glut as profits tumble Sagar Naresh / SamMobile : Samsung to benefit from Korean government's all-out support for chip industry Daniel Zlatev / Notebookcheck.net : Samsung cuts memory chip production in unprecedented move as it logs record division loss Kim Jaewon / Nikkei Asia : Samsung cuts memory chip output on weak demand amid supply glut GSMArena.com : Samsung Q1 earnings guidance reveals plummeting profits James Lee Taylor / Sammy Fans : Samsung reports record loss in Q1 2023, cutting chip output Asif Iqbal Shaik / SamMobile : Samsung reports lowest profit in 14 years as chip demand wanes, but there's good news Derrek Lee / Android Central : The Galaxy S23 is a hit worldwide, but Samsung expects profit to take a big hit SamNews 24 : Samsung Electronics Announces Q1 2023 Earnings Reuters : Samsung to cut chip production after posting lowest profit in 14 years Jiyoung Sohn / Wall Street Journal : Samsung Forecasts Worst Profit in Over a Decade as Tech Slump Hits Memory Chips Cho Mu-Hyun / ZDNet : Samsung posts worst quarterly profits in 14 years from chip downturn DigiTimes : Samsung announces long-awaited production cuts in memory business Tweets: Peter Elstrom / @pelstrom : While all of its rivals had pulled back on production because of the supply-demand imbalance, Samsung had resisted. The company has often kept spending through downturns in the past, in part because it sees them as an opportunity to gain share from competitors. But this time ... Francois Trahan / @francoistrahan : This can't be good. I suspect there will be more stories like this in 2023. I remember when we used to use South Korea's semiconductor exports as a leading indicator of the world economy. It's a way to capture the upstream part of the production process. https://www.bloomberg.com/... Lisa Mateo / @lisamateotv : Samsung will cut memory chip production after profit falls more than 95% for the three months ended March. https://www.bloomberg.com/...