Samsung Vows to Cut Chip Production Amid Global Downturn in Demand; Shares Surge 4.5 Percent

Samsung Electronics said on Friday it would make a "meaningful" cut to chip production, following the lead of smaller rivals, as it grapples with a sharp global downturn in semiconductor demand that has sent prices plummeting.

from Gadgets 360 https://ift.tt/TJZYSdz