cxo voice
  • Home
  • Technology
    • AI
    • Cloud
    • Telecom
    • Data Center
    • BPM
    • Blockchain
  • Finance
    • Banking
  • Cyber Security
  • View Points
  • Leaders Talk
  • News
  • Press Release
    • Submit Press Release
No Result
View All Result
  • Home
  • Technology
    • AI
    • Cloud
    • Telecom
    • Data Center
    • BPM
    • Blockchain
  • Finance
    • Banking
  • Cyber Security
  • View Points
  • Leaders Talk
  • News
  • Press Release
    • Submit Press Release
No Result
View All Result
Leaders Talk and Latest Tech News | CXO VOICE
No Result
View All Result
Home News Business

Samsung not to cut investment despite significant profit drop

IANS by IANS
January 31, 2023
samsung security incidents

Samsung Electronics reaffirmed on Tuesday it has no plan to cut investment for this year despite disappointing earning results in the fourth quarter on a slump in demand.

While unfavourable market conditions are expected to persist, “on the flip side, this is a great opportunity for us to prepare for the future,” the company said during an earnings call.

Samsung will “continue to make the infrastructure investments that are necessary to respond to mid-to-long term demand, and to secure the essential clean rooms that we would need to do that. So in conclusion, this year’s (capital expenditures) plan is expected to be similar to previous years,” it said.

The remark came amid wild speculation that Samsung might join the list of other major memory chip firms, including SK hynix and Micron Technology, to reduce investment and production to deal with falling prices and oversupply, reports Yonhap news agency.

Samsung, the world’s largest memory chip and mobile phone maker, also forecast the portion of research and development investment within its total capex will rise this year “in order to enhance our process technology competitiveness and stabilize our process technology early on.”

Earlier in the day, Samsung announced disappointing earnings results for the three months ending in December.

ADVERTISEMENT

Its fourth-quarter operating profit shrank 69 per cent from a year earlier to an eight-year-low of 4.3 trillion won ($3.49 billion), as the global economic slowdown hurt the sales of electronic devices and semiconductors that power them.

It is the tech giant’s lowest quarterly operating profit since the third quarter of 2014.

Sales fell 8 percent to 70.46 trillion won for the three months ended Dec. 31, the company said.

“The business environment deteriorated significantly in the fourth quarter due to weak demand amid a global economic slowdown,” the company said in a statement.

IANS

IANS

For any query, [email protected]

Related Posts

Ask Ralph
Business

Ralph Lauren Unveils ‘Ask Ralph’, A New AI-Powered Shopping Experience for Style Inspiration

September 10, 2025
TCS CEA
Business

TCS Partners with CEA to Innovate Physical AI Technologies

September 10, 2025
Business

PwC India Unveils Navigate Tax Hub, A Tax Management Platform with AI Technology

September 9, 2025
Business

IT Spending in Australia to Exceed $172 Billion in 2026: Gartner Forecasts

September 8, 2025
SailPoint and HCLTech
Business

SailPoint and HCLTech Unite to Transform Identity Security for AI-Driven Enterprises

September 5, 2025
IBM Campaign AI
Business

IBM Launches New Campaign to Accelerate AI in Business

September 4, 2025
Tata Power EZ Home
Business

Tata Power Launches EZ Home Automation Solutions in Siliguri

September 4, 2025
Athena Tech Mahindra
Business

Athena Partners with Tech Mahindra to Accelerate Industry 4.0 Adoption through AI-Powered MES Solutions

September 3, 2025
Load More
ADVERTISEMENT

Latest Updates

Ask Ralph

Ralph Lauren Unveils ‘Ask Ralph’, A New AI-Powered Shopping Experience for Style Inspiration

by Deepa Sharma
2 hours ago

Exabeam

Exabeam Enhances Security Operations with Google Cloud Integration to Combat Insider Threats from AI Agents

by Deepa Sharma
5 hours ago

TCS CEA

TCS Partners with CEA to Innovate Physical AI Technologies

by Deepa Sharma
6 hours ago

India’s Largest TATA.ev MegaCharger Hub Inaugurated at Mumbai Airport on World EV Day

by Deepa Sharma
22 hours ago

PwC India Unveils Navigate Tax Hub, A Tax Management Platform with AI Technology

by Arshi Khan
1 day ago

Qualcomm and Google Cloud

Qualcomm and Google Cloud Join Forces to Bring Agentic AI Experiences to the Auto Industry

by Deepa Sharma
1 day ago

Expert Views

Cyber Security

Why Even One Unpatched Device Can Be a Catastrophic Risk for Startups and SMBs

July 25, 2025
Cyber Criminals
Cyber Security

How WormGPT Became ChatGPT’s Evil Twin

July 15, 2025
Opinion

When AI Empowers Both Networks and Hackers: The New Battlefield for India’s Telecoms

May 20, 2025
Molly Sands AI
AI

AI RIP: 5 Things Knowledge Workers Will Say ‘Sayonara’ to in the Next Decade

March 8, 2025
multi cloud
Cloud

Multi-Cloud Made Simple: Strategies for Smart Business Management

March 5, 2025

Get Latest Update

Subscribe to our mailing list to receives newsletter direct to your inbox!

ADVERTISEMENT

Leaders Interviews

Tokenization
Interview

Revolutionizing Finance: An Exclusive Interview with Sid Ugrankar, Co-founder of Qila.io on the Future of Blockchain and Tokenization

-
Steve Wilson, GenAI Cybersecurity LLMs
Cyber Security

How effective is GenAI in cybersecurity? The role of LLMs and AI in security solutions. [Interview with Steve Wilson]

-
Interview on Counterfeit products with Nikhil Narayan
Leaders Talk

Advancements in ML & AI made it possible to detect counterfeit products in real-time, says Nikhil Narayan

-
Newgenone bridges the gap between business users and IT teams with its low code capability: Varun Goswami
Leaders Talk

Newgenone bridges the gap between business users and IT teams with its low code capability: Varun Goswami

-

Entrepreneur

Samsung Electronics appoints its first female president

Inspiring Women Entrepreneurs in India (2022)

Technology Adoption For Entrepreneurs

Volunteering management is the need of the Hour

CXOVoice.com is a leading online publication for CXOs, entrepreneurs, senior leaders, developers, and industry professionals. Our coverage spans key sectors, including IT, technology, banking, finance, cybersecurity, engineering, and automobiles.

Connect with us

Easy Links

  • Cryptocurrency
  • Event
  • Blockchain
  • Press Release
  • Resources & Downloads

Write Us

[email protected]
  • Home
  • About Us
  • Contact Us
  • Advertise
  • Privacy & Policy
  • Feedback

Copyright © 2025 CXOVoice - All Right Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/

No Result
View All Result
  • Home
  • Technology
    • AI
    • Cloud
    • Telecom
    • Data Center
    • BPM
    • Blockchain
  • Finance
    • Banking
  • Cyber Security
  • View Points
  • Leaders Talk
  • News
  • Press Release
    • Submit Press Release

Copyright © 2025 CXOVoice - All Right Reserved