{"id":86361,"date":"2023-10-31T03:00:17","date_gmt":"2023-10-31T07:00:17","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=86361"},"modified":"2023-10-31T03:00:53","modified_gmt":"2023-10-31T07:00:53","slug":"samsung-expects-memory-chip-demand-to-improve-as-operating-profit-beats-expectations","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2023\/samsung-expects-memory-chip-demand-to-improve-as-operating-profit-beats-expectations.html","title":{"rendered":"Samsung expects memory chip demand to improve, as operating profit beats expectations"},"content":{"rendered":"\n<p>(CNBC) South Korea\u2019s <a rel=\"noreferrer noopener\" href=\"https:\/\/images.samsung.com\/is\/content\/samsung\/assets\/global\/ir\/docs\/2023_3Q_conference_eng_01.pdf\" target=\"_blank\">Samsung Electronics reported<\/a> Tuesday quarterly operating profit that was better than expected despite dropping 77.6% from a year ago. While it was a decline year-on-year, third quarter operating profit jumped 262.6% from the second quarter, signaling that a memory chip glut may be bottoming out. First quarter <a rel=\"noreferrer noopener\" href=\"https:\/\/images.samsung.com\/is\/content\/samsung\/assets\/global\/ir\/docs\/2023_1Q_conference_eng.pdf\" target=\"_blank\">operating profit plummeted 85.15%<\/a> from the fourth quarter of 2022, while <a rel=\"noreferrer noopener\" href=\"https:\/\/images.samsung.com\/is\/content\/samsung\/assets\/global\/ir\/docs\/2023_2Q_conference_eng.pdf\" target=\"_blank\">second-quarter operating profit<\/a> saw only 4.68% improvement from the first quarter.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2023\/10\/31\/samsung-q3-earnings-2023-memory-chip-demand-to-improve.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) South Korea\u2019s Samsung Electronics reported Tuesday quarterly operating profit that was better than expected despite dropping 77.6% from a year ago. While it was a decline year-on-year, third quarter operating profit jumped 262.6% from the second quarter, signaling that [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-86361","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/86361","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=86361"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/86361\/revisions"}],"predecessor-version":[{"id":86362,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/86361\/revisions\/86362"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=86361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=86361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=86361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}