{"id":9563,"date":"2023-04-07T12:38:23","date_gmt":"2023-04-07T10:38:23","guid":{"rendered":"http:\/\/costops.com\/index.php\/2023\/04\/07\/samsung-to-cut-chip-production-as-profits-plunge-by-96\/"},"modified":"2023-04-07T12:38:23","modified_gmt":"2023-04-07T10:38:23","slug":"samsung-to-cut-chip-production-as-profits-plunge-by-96","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2023\/04\/07\/samsung-to-cut-chip-production-as-profits-plunge-by-96\/","title":{"rendered":"Samsung to cut chip production as profits plunge by 96%"},"content":{"rendered":"<p>Sales fall at world\u2019s biggest memory chip maker amid decline in global demand for semiconductors<\/p>\n<p>Samsung Electronics will cut back on chip production, as it faces a sharp decline in global demand for semiconductors that has sent prices plunging.<\/p>\n<p>The world\u2019s biggest memory chip maker said it would make a \u201cmeaningful\u201d cut to chip output after sales dropped sharply and it flagged a 96% drop in first-quarter profits, worse than expected. The fellow South Korean firm SK Hynix and Micron Technology of the US have also reduced production.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/technology\/2023\/apr\/07\/samsung-to-cut-chip-production-as-profits-plunge\">Continue reading&#8230;<\/a><br \/>\n<img src=\"https:\/\/i.guim.co.uk\/img\/media\/59d496febc88579d779a00c2a81270e8f5a0d36d\/1363_747_4092_2458\/master\/4092.jpg?width=140&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=510089d8d607a2ac8b66d260be27a73b\" title=\"Samsung to cut chip production as profits plunge by 96%\" \/>Sales fall at world\u2019s biggest memory chip maker amid decline in global demand for semiconductors<br \/>\nSamsung Electronics will cut back on chip production, as it faces a sharp decline in global demand for semiconductors that has sent prices plunging.<br \/>\nThe world\u2019s biggest memory chip maker said it would make a \u201cmeaningful\u201d cut to chip output after sales dropped sharply and it flagged a 96% drop in first-quarter profits, worse than expected. The fellow South Korean firm SK Hynix and Micron Technology of the US have also reduced production. Continue reading&#8230;Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sales fall at world\u2019s biggest memory chip maker amid decline in global demand for semiconductors Samsung Electronics will cut back on chip production, as it faces a sharp decline in global demand for semiconductors that has sent prices plunging. The world\u2019s biggest memory chip maker said it would make a \u201cmeaningful\u201d cut to chip output &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"http:\/\/costops.com\/index.php\/2023\/04\/07\/samsung-to-cut-chip-production-as-profits-plunge-by-96\/\"> <span class=\"screen-reader-text\">Samsung to cut chip production as profits plunge by 96%<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":0,"featured_media":9564,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/9563"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=9563"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/9563\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/9564"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=9563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=9563"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=9563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}