Micron Stock Surges on Strong AI Demand, Record Revenue, and Bullish Q4 Forecast 
Nike CFO Shake-Up Fuels Concerns Over Turnaround Strategy 
Tencent Reviews Marvelous Stake as Gaming Giant Reassesses Global Investment Strategy 
Bessent Says U.S. Must Strengthen Supply Chains and Economic Security 
SK Hynix Overtakes Samsung as South Korea’s Most Valuable Company 
Kioxia Targets U.S. Listing as AI Chip Boom Accelerates 
WiseTech Global Denies Knowledge of Investigation Into Founder Richard White 
Pelosi Discloses Major Intel and Uber Call Option Purchases Worth Up to $6 Million 
Trip.com Shares Tumble After Q1 Profit Drops and Weak Revenue Growth Outlook 
Alphabet Replaces Verizon in Dow Jones Industrial Average 
How AI prompting turned writerly description into an everyday skill 
Fortescue Faces Class Action Over Sexual Harassment Claims at Australian Mining Sites 
Meta Pauses Employee Activity Tracking Program Over Data Security Concerns 
Oracle Cuts 21,000 Jobs as AI Reshapes Workforce and Cloud Expansion Accelerates 
Wall Street Slides as AI Stocks Tumble Following South Korea Tech Sell-Off 
Tesla and NatPower Partner on $5 Billion Battery Storage Expansion in Europe 
World Cup technology: from ref cams to AI analysts, cutting-edge research is changing the game 
Samsung Electronics will retain its memory semiconductor production level despise plunging profits in the fourth quarter and will instead respond to chip demand, which it projects will recover in the future.
Fourth quarter sales for Samsung dropped 7.97 percent on-year to 70.46 trillion won while operating profit plunged 68.5 percent to 4.31 trillion won.
The poor showing was attributed to the lackluster performance of the memory chip business, which used to account for 70 percent of the Samsung's profit.
The Device Solutions (DS) division that supervises the chip business posted 20.07 trillion won in sales and 270 billion won in operating profit in the fourth quarter.
Demand for memory chips fell across all applications, ranging from PCs, smartphones and servers. Samsung said the price of memory chips fell as its clients continued to adjust their inventories.
Samsung expects demand to recover in the medium to long term.
Thus, Samsung will continue will continue to invest in infrastructure in the memory business for mid-to long-term demand.
According to Kim Jae-june, executive vice president of Samsung's memory business, this year's capital expenditure will be at a similar level to last year.
Samsung's capital expenditure in 2022 was 53.1 trillion won, and 47.9 trillion won of that money was invested in the semiconductor business.
