Samsung chip division's single-year profits beat its past 40 years of profits, combined, due to increased memory and storage prices — Samsung passes Nvidia to become most profitable company in the world, notches 19x quarterly increase in profit
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DS president Kim Yong-Kwan told staff the unit's 2026 operating profit will top everything it has earned since Samsung entered the memory business.
    • manualoverride@lemmy.worldEnglish
      512·
      1 day ago

      This was supposed to be satire but I just saw 10 days ago they laid off or notified intended dismissal of 1,000 people.

      Yay for capitalism!

      • boonhet@sopuli.xyzEnglish
        15·
        1 day ago

        Samsung is huge, were those people in the memory business, somewhere else in Electronics, or in some other part of Samsung like insurance or construction?

        • manualoverride@lemmy.worldEnglish
          11·
          1 day ago

          I’ve clicked off the article now but most was due to Samsung Electronics headquarters moving from New Jersey to Texas and then some in India.