Samsung Faces Weakest Quarter Since 2009 As Memory Chip Market In ‘Worst Slump In Decades’
Samsung is the world’s largest maker of memory chips, which go into everything from PCs to servers in data centers. During the height of the pandemic, demand for consumer electronics was high, as people stayed home. Electronics companies piled up chips to go into these products. But buyers are now cutting back on purchases of these goods due to inflation and macroeconomic concerns, leading to somewhat of a memory chip glut.
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