Jess Weatherbed
Samsung signals chip recovery with strong profit forecast.
The company is expecting its first-quarter operating profit to increase by 931 percent compared to the same period last year according to its latest preliminary earnings report.
After 2023 shaped up to be Samsung’s worst financial year in over a decade, its chip division is now set to report its first profit in five quarters as memory chip prices rebound from last year’s severe downturn.
