Samsung Electronics flags smaller-than-expected quarterly profit fall as chip market bottoms out

//Samsung Electronics flags smaller-than-expected quarterly profit fall as chip market bottoms out

Samsung Electronics flags smaller-than-expected quarterly profit fall as chip market bottoms out

Samsung Electronics on Wednesday flagged a smaller-than-expected fall in quarterly operating profit, indicating that memory chip prices bottomed out quicker than analysts had anticipated and strengthening hopes of a recovery.The world’s biggest memory chip maker has struggled since late 2018 as a weak global economy curbed spending by data centre customers and rising inventories of memory chips squeezed prices, ending a two-year industry boom.But hopes for a rebound in chip prices are gaining…

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By | 2020-01-08T02:13:23+00:00 January 8th, 2020|Business|Comments Off on Samsung Electronics flags smaller-than-expected quarterly profit fall as chip market bottoms out