A Samsung flag flutters outside the company’s building in Seocho, Seoul. Photo: AFP
A Samsung flag flutters outside the company’s building in Seocho, Seoul. Photo: AFP

Chip makers from Samsung to AMD see ‘breathtaking’ earnings plunge as recession looms

  • Samsung reported a 32 per cent dive in operating income, while AMD said it will miss its earlier forecast by about US$1 billion
  • In addition to slowing demand for consumer electronics, the semiconductor industry is also grappling with US export restrictions against Chinese companies

A Samsung flag flutters outside the company’s building in Seocho, Seoul. Photo: AFP
A Samsung flag flutters outside the company’s building in Seocho, Seoul. Photo: AFP
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