United Kingdom

Samsung Profit Dragged Down by Chip Decline as Prices Slump

“The NAND flash market flipped to oversupply in 3Q and, given the pace of demand, could remain there into 2024. Long-term growth trends remain intact, but the near term is challenged with PC and smartphones weak, server companies taking a breather and select chip shortages pushing inventories up for customers including hyperscalers and NAND vendors alike.”