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Samsung's Q4 earnings show signs of 2024 recovery as its chip side loses big
The semiconductor business suffered a major blow in 2023 but things might turn around in 2024.
The company still posted a "weak" semiconductor business performance that Samsung attributes to a "delayed economic recovery." The company stated that its "weak performance" was "due to a decrease in market demand caused by inventory adjustments at customers and delayed economic recovery." The Korean OEM struggled with its semiconductor business but analysts theorized that the bleeding was easing, meaning Samsung could begin to regain ground in 2024.
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