Samsung Expects Chip Demand to Recover in 2023 as Q3 Profits Fall, Names Lee Jae-Yong Executive Chairman

Samsung on Thursday said Q3 operating profits fell 31.39 percent year-on-year, as "demand for consumer products remained weak". The South Korean company also announced that Samsung heir and de facto leader Lee Jae-yong, who received a presidential pardon in August over a fraud conviction, would be promoted to executive chairman. Gadgets 360 https://ift.tt/C0ioxj7