Samsung reduces chip losses in Q3, eyes rebound
TechnologyOct 31, 2023
Samsung Electronics said Tuesday it reduced its deficit in the memory chip business in the July-September period while posting better-than-expected profits in mobile and display businesses. Samsung's device solutions division in charge of the company’s semiconductor business marked losses of 3.75 trillion won ($2.78 billion) for the division's third consecutive quarter of losses. So far this year, its chip losses have amounted to 12.7 trillion won, the company said in its third-q