Memory-Chip Makers Say Recovery Is in Sight After Long Slump
The world’s top memory-chip makers, struggling with the deepest industry downturn in more than a decade, say the worst may soon be over as customers come back and cuts in production and investment help counter a supply glut.
After reporting a $3.4 billion operating loss in the first quarter in its semiconductor division, Samsung Electronics Co. said Thursday that demand for memory chips was expected to gradually recover in the second half of the year after a prolonged slide.
The world’s top memory-chip makers, struggling with the deepest industry downturn in more than a decade, say the worst may soon be over as customers come back and cuts in production and investment help counter a supply glut.
After reporting a $3.4 billion operating loss in the first quarter in its semiconductor division, Samsung Electronics Co. said Thursday that demand for memory chips was expected to gradually recover in the second half of the year after a prolonged slide.
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