Samsung Forecasts Lower Profits as Demand for Memory Chips Declines

Samsung Forecasts Lower Profits as Demand for Memory Chips Declines

The decline in demand for memory chips is seen as a potential red flag for the broader tech industry, as these chips are essential components used in a wide range of consumer devices, including smartphones, laptops, and smartwatches. Samsung has announced plans to cut back on memory chip production to adjust to the lower demand, while also optimizing its line operations.