Samsung Electronics’ operating profit plummeted 69% to $3.4 billion in the quarter that ended in December to an eight-year low, according to its preliminary estimates, as the global demand for memory chips and smartphones wanes due to high inflation and a slowing economy. “Amid continued external uncertainties, including a potential global economic downturn, overall earnings … Continue reading Samsung’s quarterly profit hits 8-year low amid weak demand for memory chips, smartphones