As demand for semiconductors and mobile devices declines, Samsung has its lowest quarterly profit in 8 years.

Preliminary estimates show that as worldwide demand for memory chips and smartphones wanes due to high inflation and sluggish economy, Samsung Electronics' operating profit plunged 69% to $3.4 billion in the quarter ending in December, an eight-year low. Despite "continued external concerns," including "a potential global economic collapse," the company saw "a considerable reduction in the memory business results d....