Chip boom’s dirty secret hiding in Samsung’s record earnings

Samsung just posted an operating profit of 89.5 trillion won, roughly US$62 billion, for the second quarter. That’s a jump of 1,814% from a year earlier. Revenue climbed 130% to 171.5 trillion won, a company record. And Samsung’s shares fell anyway. SK Hynix, the other pillar of South Korea’s chip industry, reported a record profit […]

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