Samsung chip foundry loses billions

Stefan Mileschin · 6th March 2023, 06:53

Things can only get better

Samsung's memory chip division lost $2.3 billion US in the first two months of 2023.

According to the JoongAng Daily losses for the quarter will be considerable. An internal report estimated the company could take a hit as high as $3.04 billion for Q1 2023.

The rumours are based on an internal document which is circulating around Samsung and is surprising given that Samsung's memory chip foundry has not reported a loss since 2008. The company's semiconductor arm, which is turning a profit, likely won't offset the losses and Samsung is expected to lose $1.52 billion in its Device Solution (DS) business

https://fudzilla.com/news/pc-hardwar...loses-billions

6th March 2023, 06:53	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,738	Samsung chip foundry loses billions Things can only get better Samsung's memory chip division lost $2.3 billion US in the first two months of 2023. According to the JoongAng Daily losses for the quarter will be considerable. An internal report estimated the company could take a hit as high as $3.04 billion for Q1 2023. The rumours are based on an internal document which is circulating around Samsung and is surprising given that Samsung's memory chip foundry has not reported a loss since 2008. The company's semiconductor arm, which is turning a profit, likely won't offset the losses and Samsung is expected to lose $1.52 billion in its Device Solution (DS) business https://fudzilla.com/news/pc-hardwar...loses-billions

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