Samsung Electronics Q4 profit plummets amid global chip downturn

South Korean tech giant's slump expected to continue in first half of this year

20230130 Samsung

Semiconductors made by Samsung Electronics are a mainstay of the global technology industry. (Photo courtesy of Samsung Electronics) 

KIM JAEWON, Nikkei staff writer

SEOUL -- Samsung Electronics said Tuesday that operating profit plunged in the fourth quarter of last year, as global economic headwinds snuffed out demand for semiconductors and smartphones -- the company's two key revenue sources.

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