Samsung Electronics reported a slight revenue increase of 0.7% year-over-year (YoY) for Q1, reaching $53.7 billion, slightly above the $53.6 billion estimate. However, operating profit significantly declined by 55% YoY to $3.4 billion, falling short of the $3.8 billion expectation. The semiconductor division experienced a dramatic downturn, with operating profit plummeting by approximately 94%. This news highlights the challenges Samsung faces in the current economic climate, particularly in the memory chip market.