New Analysis Samsung, the pillar of South Korea’s economy, has seen its profit plunge in 2022 due to weak chip and smartphone demand. The company’s weak financial performance has impacted the overall South Korean economy. To reverse the weakening profitability, Samsung Electronics plans to invest 300 trillion won (about $227 billion) over the next 20 years…

SEOUL—South Korea’s Samsung Electronics Co. Ltd. turned in its best April–June profit since 2018 on Thursday, underpinned by strong sales of memory chips to server customers even as demand from inflation-hit smartphone makers cools. Shares of the world’s largest memory-chip and smartphone maker closed up 3.2 percent after preliminary results were announced, versus a 1.8…

When five Chinese companies were recently sanctioned by the United States for allegedly supporting Russia after its invasion of Ukraine, the move amplified China’s sense of crisis in its tech industries. Chinese state media openly admit that China’s semiconductor industry faces numerous challenges. During a visit to Wuhan at the end of June, communist leader…

AMSTERDAM—Philips shares plunged more than 11 percent on Wednesday morning after the Dutch health technology company hiked the cost of its massive recall of ventilators and said earnings would take a big hit from global supply chain shortages. The supplier of hospital equipment and personal health devices said it expected fourth-quarter core profit to drop…