Technology giant Samsung has warned of a 32% slide in its profits as demand for electronic devices and the memory chips that power them shrinks due to the global economic slowdown.
On Thursday, US chip maker Advanced Micro Devices (AMD) also said it was hit by a fall in demand for computers.
It comes as people cut back on purchases as the cost of living rises.
Samsung’s profits from its microprocessor-making business suffered as the global price of memory chips plunged due to weakening demand for consumer electronics.
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