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flag South Korea's Samsung and SK Hynix see earnings fall due to lower IT demand and memory price drops.

flag South Korea's top chipmakers, Samsung Electronics and SK Hynix, face fourth-quarter earnings downgrades due to weaker demand for IT products and falling memory prices. flag Samsung's expected operating profit is now 8.58 trillion won ($5.92 billion), down over 1 trillion won from earlier forecasts. flag SK Hynix's profit is expected to fall 4.16% to 7.77 trillion won. flag Despite these challenges, Samsung received $4.745 billion in US funding to boost its Texas chip plant.

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