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Tuesday, April 30, 2024

Bangkok Post – Samsung profit tumbles 35% as chip weakness persists

People check out smartphones at the Thailand Mobile Expo 2023, held at Queen Sirikit National Convention Center (QSNCC) in October last year. (Photo: Somchai Poomlard)

SEOUL – Samsung Electronics Co posted its sixth straight quarter of declining operating profit, reflecting weak consumer demand and stoking uncertainty over the timing of a broader tech recovery.

Korea’s largest company reported a 35% fall in operating income to 2.8 trillion won (US$2.1 billion), about…

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