Samsung to further cut production of memory chips to stem the losses
Briefly

The operating loss in Q1 was KRW 4.6 trillion, which was lowered to KRW 4.36 trillion in Q2. The loss for Q3 will be around KRW 4.0 trillion ($2.95 billion), predicts analyst Kim Dong-won from KB Securities.
The memory business run by the DS division is described as Samsung's "cash cow". In Q2 this year it brought in KRW 14.73 trillion of the total KRW 60.01 trillion in revenues.
Read at GSMArena.com
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