DRAMs

Samsung profit tumbles 35% as chip weakness persists

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Samsung Electronics posted its sixth straight quarter of declining operating profit, reflecting stubbornly weak demand for consumer electronics globally. Korea’s largest company reported a 35 per cent fall in operating income to 2.8 trillion won (US$2.1 billion), versus the 3.7 trillion won average of analysts’ estimates. Revenue came to 67 trillion won, compared with projections … Read more

Samsung set for smallest profit drop in 6 quarters on chip rebound

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Samsung Electronics is expected to report its smallest profit drop in six quarters, analysts estimate, as a rebound in semiconductor prices shrinks losses in the South Korean company’s mainstay chip division. The world’s biggest maker of memory chips, smartphones and televisions is expected to show a 14 per cent fall in fourth-quarter profit when it … Read more