<p>Samsung Electronics reported on Thursday a 95 per cent plunge in quarterly profit, as the chip industry's downturn persisted despite output cuts due to weaker demand for products reliant on semiconductors from consumer gadgets to servers.</p>.<p>The world's top maker of memory chips and smartphones said operating profit fell to 669 billion won ($527 million) for the April-June quarter, from 14.1 trillion won a year earlier.</p>.<p><strong>Also read | <a href="https://www.deccanherald.com/business/technology/samsung-unveils-galaxy-z-flip5-fold5-series-1240973.html">Samsung unveils Galaxy Z Flip5, Fold5 series</a></strong></p>.<p><em>More details to follow...</em></p>
<p>Samsung Electronics reported on Thursday a 95 per cent plunge in quarterly profit, as the chip industry's downturn persisted despite output cuts due to weaker demand for products reliant on semiconductors from consumer gadgets to servers.</p>.<p>The world's top maker of memory chips and smartphones said operating profit fell to 669 billion won ($527 million) for the April-June quarter, from 14.1 trillion won a year earlier.</p>.<p><strong>Also read | <a href="https://www.deccanherald.com/business/technology/samsung-unveils-galaxy-z-flip5-fold5-series-1240973.html">Samsung unveils Galaxy Z Flip5, Fold5 series</a></strong></p>.<p><em>More details to follow...</em></p>