Samsung sees glimmer of light at end of tunnel

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Samsung warned that its quarterly operating profit has probably cratered 96%, thanks to a global memory-chip glut. But there are signs that prices are bottoming out. A recent artificial intelligence frenzy may also bolster demand, says mak_robyn

 

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Samsung profit likely lowest in more than 14 years as chip glut persistsSamsung Electronics' June-quarter profit is expected to plunge 96% on-year to the lowest for any quarter in more than 14 years, as a chip glut continues to drive large losses in the tech giant's cash cow business despite a supply cut.
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