Live news: Samsung is hopeful about chip demand despite a decrease in net profits, as per Financial Times. The company’s operating profit dropped by 34.57% in the fourth quarter, in line with expectations, according to CNBC. Samsung’s earnings were at their lowest in over a decade, even with a recovery in chip demand, according to The Wall Street Journal. Yahoo Finance reported that Samsung’s profits fell once again due to uneven chip demand, but Reuters stated that the company anticipates a recovery in tech devices demand by 2024 after incurring a notable chip loss.
