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Samsung Warns of Weaker Chip Demand for Phones, PCs Amid Recession Worries

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Samsung has earned its highest second-quarter profit since 2018 for the quarter ended June 30. Despite the strong position in the market, the company has cautioned about weaker chip demand from smartphone and PC makers as the purchase may go down amid recession worries. Samsung is expected to unveil its latest foldables on August 10.

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