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South Korea's Samsung and SK Hynix see earnings fall due to lower IT demand and memory price drops.
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.
Samsung's expected operating profit is now 8.58 trillion won ($5.92 billion), down over 1 trillion won from earlier forecasts.
SK Hynix's profit is expected to fall 4.16% to 7.77 trillion won.
Despite these challenges, Samsung received $4.745 billion in US funding to boost its Texas chip plant.
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Samsung y SK Hynix de Corea del Sur ven las ganancias caer debido a la disminución de la demanda de TI y la caída del precio de la memoria.