<p>Samsung Electronics Co Ltd reported a 95 per cent plunge in first quarter profit on Thursday, as it grapples with a sharp global downturn in semiconductor demand that has sent prices plummeting.</p>.<p>The world's top maker of memory chips and smartphones as of 2022 said operating profit fell to 640 billion won ($478.55 million) for the January-March quarter, from 14.12 trillion won a year earlier. ($1 = 1,337.3800 won) </p>
<p>Samsung Electronics Co Ltd reported a 95 per cent plunge in first quarter profit on Thursday, as it grapples with a sharp global downturn in semiconductor demand that has sent prices plummeting.</p>.<p>The world's top maker of memory chips and smartphones as of 2022 said operating profit fell to 640 billion won ($478.55 million) for the January-March quarter, from 14.12 trillion won a year earlier. ($1 = 1,337.3800 won) </p>