Samsung's Strategic Moves Boost Profits and Signal a Promising Future

Samsung predicts that the ongoing slump in the memory chip market will come to an end in 2024, providing relief to the company and the industry as a whole. The demand for memory chips has been affected by factors such as oversupply and the US-China trade war, leading to a decline in prices. However, Samsung expects the market to stabilize and recover by 2024, driven by emerging technologies like 5G, artificial intelligence, and autonomous vehicles.