Ouch! That’s ugly. Some may think, despite the epic YoY drop, half a billion is still great. No it’s not when you’re a company with 280,000 employees, presumably Semi is approaching 100k of those. That is far from a financially healthy 3 months. It is actually unsustainable at that employee level.
There was a rumor Samsung Semi would be going after Apple Silicon business. So Semi has at least a modicum of hope on the horizon .
Problem with vertical integration, when one domino falls it takes the rest with it.
This just in: first it was Samsung with the 70% drop in profits, now the second largest android oem is crumbling. Sales down 40% and operating profits down 60%.