Samsung Forecasts Lower Profits as Demand for Memory Chips Declines

Samsung Forecasts Lower Profits as Demand for Memory Chips Declines

The drop in demand for memory chips comes after a period of significant growth in the tech industry fueled by the COVID-19 pandemic. Since late 2021, memory prices have sharply declined, with DRAM and NAND prices dropping by 20 and 15 percent, respectively, in just the last quarter alone.