In a major blow to Samsung, the global tech giant, its second-quarter operating profit has plummeted by a staggering 96% as it faces a chip glut crisis. The ongoing chip glut has severely impacted Samsung's key business, leading to this significant decline. With an estimated operating profit of $459 million, this marks Samsung's lowest profit for any quarter since 2009.

Samsung Q2 profits plunge 96%

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Samsung Q2 profits plunge 96%