Samsung memory chip foundry set to lose $3.04 billion in Q1 2023

TL;DR

Why it matters: Samsung's memory chip business is off to a rough start this year following a terrible Q4 2022. Overall, Samsung expects its Device Solution (DS) business, encompassing all of its silicon ventures, to lose at least 2 trillion won ($1. Kim said that Samsung will not reduce its capital expenditures this year and should not have to resort to "artificially" cutting back semiconductor production

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