Samsung won't curtail spending despite Q4 2022's huge loss.
Today, Samsung announced its earnings for the fourth quarter and fiscal year 2022. Compared to the same time period in 2021, revenues dropped by 69%, which was a big drop. Even though its semiconductor chip and smartphone divisions usually bring in the most money for the company, neither of them did well during the fourth quarter of 2022. Even so, the South Korean company has no plans to cut the amount it spends on investments. Even though demand for semiconductor chips, smartphones , TVs, and other mobile devices is going down, Samsung said over and over again during its earnings call that it won’t cut the amount of money it invests. It had been said. “On the other hand, we can use this situation to get better prepared for the years to come.” The company has promised to keep investing in infrastructure so that it can meet demand in the medium to long term. The company is planning to put money into building clean rooms in the factories where it makes semiconductor chip...