Samsung’s Catastrophic Loss: 400B won Profit Surrendered to US in Crushing Chip War Defeat

In recent years, the United States has been continuously coaxing its allies, such as Japan, South Korea, and Europe, to launch a comprehensive blockade of China’s semiconductor industry. However, with China’s frequent breakthroughs in domestic production of storage, screens, and semiconductor chips, coupled with the impact of low global demand for semiconductors, these “allies“ are beginning to struggle. Taking Samsung as an example, in the first quarter of 2023, its net profit plummeted by 96%, with profits of only KRW 6.4 trillion (equivalent to USD 480 million), marking the worst performance in nearly a decade. And the troubles do not end there. “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.