SEOUL -- Samsung Electronics said on Thursday that its mainstay semiconductor business swung to an operating loss of 4.6 trillion won ($3.4 billion) in the first quarter from a profit of 8.5 trillion won a year earlier, as the world's biggest memory chipmaker navigates a brutal downturn in the global market for the key component.
Semiconductors
Samsung semiconductor division swings to $3.4bn loss in Q1
Tech giant says overall operating profit plunged 95.5%, similar to guidance
Samsung Electronics is trying to weather a slump in demand for semiconductors, used in a wide variety of products including smartphones. © Reuters
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