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The Wall Street Publication > Blog > Tech > Samsung Expects Sharp Downturn in Chip Sales to Extend Into Next Year
Tech

Samsung Expects Sharp Downturn in Chip Sales to Extend Into Next Year

Editorial Board Published September 7, 2022
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Samsung Expects Sharp Downturn in Chip Sales to Extend Into Next Year
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PYEONGTAEK, South Korea—Samsung Electronics sees the sharp downturn in chip sales extending into next year, the latest note of pessimism for a semiconductor industry reeling from a dramatic pullback in sales of PCs, smartphones and data servers.

“The second half of this year looks bad, and as of now, next year doesn’t really seem to show a clear momentum for much improvement,” said Kyung Kye-hyun, who heads Samsung’s semiconductors unit and serves as the company’s co-CEO, at a Wednesday media briefing.

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