Samsung investors brace for worst profit in 14 years
is heading for its lowest profit since the global financial crisis, if not longer, due to a sharp slowdown in tech demand that triggered losses at its semiconductor division.
Samsung, the biggest player in memory chips, is expected to lose about $2.7-billion in its semiconductor division Prices for DRAM, a type of memory used to process data in computers and phones, slid 20% in the first quarter and are expected to drop 10-15% in the second quarter, according to market research firm TrendForce. NAND storage-chip prices plunged as much as 15% and are expected to fall another 5-10% in the second quarter.
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