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1 year ago

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Samsung to cut chip output to ride out downturn; shares rally

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Samsung to cut chip output to ride out downturn; shares rally

Samsung Electronics Co Ltd said on Friday it would make a "meaningful" cut to chip production, following the lead of smaller rivals, as it grapples with a sharp global downturn in semiconductor demand that has sent prices plummeting.

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Samsung to cut chip output to ride out downturn; shares rally

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Samsung to cut chip output to ride out downturn; shares rally

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