Due to a severe slump in the global semiconductor market, Samsung's quarterly operating profit fell by 96% to 455.5 million dollars, the lowest level in 14 years. The company plans to significantly reduce chip output.

Samsung announces 'meaningful' cut in chip production

South Korea's semiconductor production in November fell by the most since the global financial crisis. Chip production shrank for a fourth straight month.

World Business Watch: South Korea's chip output falls most since the global financial crisis

A week-long strike by truck drivers in South Korea has disrupted shipments to China of a key cleaning agent used by makers of semiconductor chips, says the Korean International Trade Association.

Samsung chip production faces disruption

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