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Samsung Electronics remains optimistic despite decline in profits

1 min read
Source: Financial Times
TL;DR

Despite a decline in net profits, Samsung remains optimistic about chip demand, citing strong demand for server and mobile chips. The company's net profits for the first quarter fell by 26% compared to last year, but it expects a recovery in the second half of the year. Samsung's upbeat outlook comes amid global chip shortages and increasing demand for semiconductors in various industries.

Topics:businessbusinesstechnology#business#businesstechnology#chip-demand#net-profits#samsung#technology
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  1. Live news: Samsung optimistic on chip demand despite decline in net profits  Financial Times
  2. Samsung Electronics' operating profit falls 34.57% in the fourth quarter, in line with guidance  CNBC
  3. Samsung's Profit Falls Again on Uneven Chip Demand Recovery  Yahoo Finance
  4. Samsung sees tech devices demand recovering in 2024 after record chip loss  Reuters
  5. Samsung Posts Weakest Earnings in Over a Decade Despite Chip Recovery  The Wall Street Journal

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