Samsung to slash chip output, flags worst profit in 14 years

Electronics giant Samsung said it would make a ‘meaningful’ cut to chip production, after flagging a worse-than-expected 96% plunge in quarterly operating profit, as a sharp downturn in the global semiconductor market deepens. #Samsung #semiconductor #profit #News #Reuters #newsfeed Subscribe: http://smarturl.it/reuterssubscribe Reuters brings you the latest business, finance and breaking news video from around the globe. Our reputation for accuracy and impartiality is unparalleled. Get the latest news on: https://www.reuters.com/ Follow Reuters on Facebook:   / reuters   Follow Reuters on Twitter:   / reuters   Follow Reuters on Instagram: https://www.instagram.com/reuters/?hl=en