Chipmakers Hint at Ease of Chip Supply Glut but Demand Recovery Still Slow

Chipmakers Hint at Ease of Chip Supply Glut but Demand Recovery Still Slow

ByNews Polite

From Intel to Samsung, global chipmakers are celebrating the beginning of the end of a semiconductor supply glut, but the outlook for demand from customers outside the artificial intelligence (AI) industry remains gloomy. All the major markets for chips — smartphones, PCs and data centres — have shrunk this year,…

Samsung’s Quarterly Profit Set to Drop 92 Percent as Chip Glut Worsens Amid Economic Slowdown

Samsung’s Quarterly Profit Set to Drop 92 Percent as Chip Glut Worsens Amid Economic Slowdown

ByNews Polite

Samsung Electronics’ first-quarter profit is expected to plunge 92 percent to the lowest for any quarter in 14 years, as a chip glut worsens and buyers like data centres and computer makers slow purchases amid a global economic slowdown. The launch of a new flagship smartphone is expected to have supported…