SEOUL -Samsung Electronics Co Ltd flagged a gradual recovery for chips in the second half of the year after its semiconductor business reported a record $3.4-billion loss on Thursday, driven by weak demand for tech devices. A global downturn in semiconductor demand amid an economic slowdown and weak customer spending sent chip prices plummeting in the first quarter. Samsung said its chip business would focus on high-capacity server and mobile products 'based on expectations of a gradual market recovery and a rebound in global demand' in the second half.

https://business.inquirer.net/397805/samsung-flags-h2-recovery-after-record-3-4-b-chip-loss-in-q1

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