this post was submitted on 11 Oct 2023
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Samsung expected to report 80% profit plunge as losses mount at chip business (www.cnbc.com)
submitted 2 years ago by L4s@lemmy.world to c/technology@lemmy.world
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Samsung expected to report 80% profit plunge as losses mount at chip business::The semiconductor business — typically Samsung's cash cow — is likely to see continued pressure as memory prices and demand for end products remain low.

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[–] cyd@lemmy.world 7 points 2 years ago* (last edited 2 years ago)

Of course. For one thing, they are a blight on third world countries, who are often dependent on agriculture. Rich countries subsidizing their own farmers directly harms economic development in poorer countries that have fewer resources with which to respond. The subsidies also lead to overproduction in rich countries, and thus needless environmental destruction.