Samsung says 2023 chip spending will be 'similar' to 2022, pressures sector

Jan. 31, 2023 7:38 AM ETSamsung Electronics Co., Ltd. (SSNLF)AMD, INTC, NVDA, QCOM, MU, TSM, AVGOBy: Chris Ciaccia, SA News Editor5 Comments

Samsung store at Eaton Centre in Toronto, Canada.

JHVEPhoto/iStock Editorial via Getty Images

Samsung (OTCPK:SSNLF) said on Tuesday that it would not drastically cut capital spending on semiconductors this year, a stark difference to its competitors, despite the continued weakness in the global economy.

The South Korean

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