Samsung posts brutal financials as chip business profits plunge by 94%

Samsung Electronics recently posted its second-quarter financial results, and they’re worse than expected. According to CBNC, the Korean tech giant reported revenue of 74.6 trillion won ($53.7 billion US), slightly up from 74.07 trillion won ($53.3 billion) during the same period last year. Unfortunately, operating profits fell sharply to just…

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