Research and development buildings at the Samsung Digital City in Seoul. The company expects the semiconductor market to stabilise. Alvin R Cabral / The National
Research and development buildings at the Samsung Digital City in Seoul. The company expects the semiconductor market to stabilise. Alvin R Cabral / The National

Business

Technology

Samsung's profit plunges 95% on slump in chip industry

Revenue for the second quarter declined more than 22% annually

Alvin R Cabral
Alvin R Cabral
Seoul, South Korea

July 27, 2023