Samsung Forecasts Lower Profits as Demand for Memory Chips Declines

Samsung Forecasts Lower Profits as Demand for Memory Chips Declines

In a statement, Samsung mentioned that it would continue to invest in clean room infrastructure and expand research and development (R&D) spending, as it anticipates improved demand for memory chips in the mid- to long-term. However, the current oversupply of memory chips indicates a slowdown in demand for consumer electronics, possibly linked to a global economic slowdown.