Original version

BBC World Service East Asia

World Business Report

Factual: Money

The latest business and finance news from around the world, on the BBC

The latest business and finance news from around the world, on the BBC.

BBC World Service schedule for American satellite radio and the Caribbean

BBC World Service Americas and the Caribbean

BBC World Service Australasia

BBC World Service

BBC World Service East and Southern Africa Schedule

BBC World Service East and Southern Africa

BBC World Service South Asia

BBC World Service Europe and the Middle East

BBC World Service Online

BBC World Service West and Central Africa Schedule

BBC World Service West and Central Africa

BBC World Service News Internet

World Business Report: First broadcast 07/04/2023 14:32 GMT : Samsung cutting chip production

Bulletins

Samsung cutting chip production

First broadcast 07/04/2023 14:32 GMT 

First broadcast 07/04/2023 14:32 GMT : Samsung cutting chip production

BBC World Service - World Business Report, Samsung cutting chip production

The firm's shares rose more than 4% despite the decision to slow chip-making

Samsung Electronics will cut memory chip production after estimating a 96% drop in its quarterly operating profit.

Samsung Electronics announced that it would make a "meaningful" cut to chip production after flagging a 96% plunge in quarterly operating profit.

The chip-making giant said sales had dropped sharply due to a slow global economy and less demand after Covid.

(Picture: Repairing and upgrade Samsung mobile phone, electronic, computer hardware and technology concept. Picture Credit: Getty Images)

Accessibility links

Programme Index

World Business Report

First broadcast 07/04/2023 14:32 GMT : Samsung cutting chip production

Genres

Formats

Brand

BBC World Service East Asia

About BBC World Service