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Samsung's Quarterly Profit Set to Drop 92 Percent as Chip Glut Worsens Amid Economic Slowdown | Technology News

Samsung's Quarterly Profit Set to Drop 92 Percent as Chip Glut Worsens Amid Economic Slowdown Samsung Electronics's first-quarter profit is expected to plunge 92 percent to the lowest for any quarter in 14 years, as a chip glut worsens and buyers like data centres and computer makers slow purchases amid a global economic slowdown.

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