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Uae Build > Blog > UAE > Business > Samsung reports decline in profit but anticipates business improvement driven by chips
Business

Samsung reports decline in profit but anticipates business improvement driven by chips

By admin
Last updated: May 9, 2024
1 Min Read
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SEOUL, South Korea (AP) — Samsung Electronics on Wednesday reported an annual 34% decline in operating profit for the last quarter as sluggish demands for its TVs and other consumer electronics products offset hard-won gains from a slowly recovering computer chip market.

The South Korean technology giant said it expects its business to improve throughout 2024, forecasting larger demands for semiconductors that power artificial intelligence features…



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