Samsung’s US Charm Offensive Backfires，₩400B Fine, Catastrophe Looms!

Despite being one of the most compliant chip companies in the United States, Samsung has faced frequent attacks from the US government, which could prove disastrous for the company. While Samsung is the world’s largest TV and mobile phone company, its main source of profits comes from the memory chip business, which has been hit hard by the decline in the global chip industry. The plummeting price of global memory chips, which has caused Samsung to suffer huge losses, has also left the company with a vast inventory of chips. To reduce this inventory, Samsung has been selling chips at reduced prices in China, but the US has asked the company not to expand sales there. To make matters worse, the US has recently fined Samsung for infringing on American patents, taking away two-thirds of their profits and potentially putting a strain on the company’s capital chain. “China Focus“ is a YouTube channel created to provide current events and pop culture headlines from you can get to know a more real China through my video. ｜ #ChineseNews #chips #ChinaFocus Thanks for your watching and subscribing.