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Top related persons:
1,269.2200 - 2 Joyce Lee - 2 Jamie Freed - 2 Jaejune Kim - 1 Taiwan's TSMC - 1 Apple's - 1 Miyoung Kim - 1 Tom Hogue - 1
Top related locs:
SEOUL KS
Top related orgs:
Samsung Electronics - 2 Revenue - 2 Thomson - 2 Samsung - 1 SK Hynix - 1 South - 1 SK Hynix's - 1 Qualcomm - 1

Search resuls for: "1,269.2200"


2 mentions found


☆ Samsung to extend production cuts after $7 bln chip loss in H1
  + stars: | 2023-07-27 | by ( Joyce Lee Ju-Min Park | Joyce Lee | Ju-Min Park | ) www.reuters.com   time to read: +3 min
"Production cuts across the industry are likely to continue in the second half, and demand is expected to gradually recover as clients continue to destock their (chip) inventory," Samsung, the world's biggest memory chip maker, said in a statement. It had reported a 9.98 trillion won profit a year earlier. Samsung said it spent 14.5 trillion won in capital expenditures during the second quarter, of which 13.5 trillion won was spent on chips. Operating profit fell to 669 billion won ($527 million) in April-June, from 14.1 trillion won a year earlier. Samsung's mobile business reported a 3.04 trillion won profit in the June quarter, up from 2.62 trillion won a year earlier.
Persons: Jaejune Kim, Taiwan's TSMC, Apple's, 1,269.2200, Joyce Lee, Miyoung Kim, Jamie Freed Organizations: Samsung, SK Hynix, Samsung Electronics, South, SK Hynix's, Qualcomm, Revenue, Thomson Locations: SEOUL
☆ Samsung Elec Q2 profit plunges 95% as chip glut persists
  + stars: | 2023-07-27 | by ( ) www.reuters.com   time to read: 1 min
SEOUL, July 27 (Reuters) - Samsung Electronics (005930.KS) reported on Thursday a 95% plunge in quarterly profit, as the chip industry's downturn persisted despite output cuts due to weaker demand for products reliant on semiconductors from consumer gadgets to servers. The world's top maker of memory chips and smartphones said operating profit fell to 669 billion won ($527 million) for the April-June quarter, from 14.1 trillion won a year earlier. That was broadly in line with the company's estimate of 600 billion won this month, and was the second-lowest quarterly profit in 14 years. Revenue fell 22% to 60 trillion won. ($1 = 1,269.2200 won)Reporting by Joyce Lee and Ju-min Park; Editing by Tom Hogue and Jamie FreedOur Standards: The Thomson Reuters Trust Principles.
Persons: 1,269.2200, Joyce Lee, Tom Hogue, Jamie Freed Organizations: Samsung Electronics, Revenue, Thomson Locations: SEOUL, KS
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