Signs are piling up that the tech downturn may be deeper and longer-lasting than feared.
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Samsung Electronics flagged a worse-than-expected 32% drop in quarterly operating earnings on Friday.
The European parliament approved new rules for a single charging port for mobile phones, a move expected to affect Apple more than its rivals.
Samsung Electronics’ chip contract manufacturing business plans to more than triple its advanced chips production capacity by 2027.
Global technology stocks are treading on shaky ground despite last week’s rally, as chip makers signal more trouble may be ahead.
Samsung Electronics is warning that the semiconductor industry could be in for a rocky close to 2022.
Korean chip makers recorded their first fall in factory shipments in almost three years in July, highlighting weakening demand for semiconductors.
Mounting concern over semiconductor demand is sending shudders through Asia’s high-tech exporters, which historically serve as a bellwether for the international economy.
Even in an industry famous for its roller-coaster cycles, chip makers are bracing for a particularly severe shift in coming months.
Samsung Electronics unveiled its latest high-end foldable smartphones on Wednesday, keeping prices at the same level as last year.