Thursday, July 6, 2023

Samsung profit likely lowest in more than 14 years as chip glut persists

Samsung Electronics' June-quarter profit is expected to plunge 96% on-year to the lowest for any quarter in more than 14 years, as a chip glut continues to drive large losses in the tech giant's cash cow business despite a supply cut. https://ift.tt/BIKuPeV

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Intel received €515.55M in default interest from the EU after it was reimbursed a €1.06B fine levied in 2009; EU's top court sided with Intel in October 2024 (Foo Yun Chee/Reuters)

Foo Yun Chee / Reuters : Intel received €515.55M in default interest from the EU after it was reimbursed a €1.06B fine levied in 2009; EU...