Samsung’s Shares Climb After Nvidia Talk Offsets Profit Miss
1 day, 8 hours ago

Samsung’s Shares Climb After Nvidia Talk Offsets Profit Miss

Live Mint  

-- Samsung Electronics Co.’s shares rose after Nvidia Corp. founder Jensen Huang expressed confidence in the Korean company’s ability to resolve technical issues dogging its highest-end memory, offsetting disappointing quarterly results. Samsung has struggled to get its latest products certified by Nvidia, allowing SK Hynix in particular to carve out a larger slice of the market for the high-bandwidth memory that AI accelerators depend on. On Wednesday, Samsung’s stock gained as much as 3.1% after Huang said at the CES show in Las Vegas that Samsung has to engineer a new design but that it’s “working very fast.” Samsung’s mustering its forces in a costly effort to claw back market share in the AI chip arena at the same time that demand for its conventional semiconductor chips for PCs and mobile devices weakened. “While Samsung’s fourth quarter numbers are ugly, the firm likely won’t be a non-factor in high-bandwidth memory for long,” Vital Knowledge’s Adam Crisafulli said in a note to investors.

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History of this topic

S.Korean stocks close higher for fourth session as Samsung Elec shines
1 day, 4 hours ago

S.Korean stocks close higher for fourth session as Samsung Elec shines

Live Mint  

* KOSPI rises, foreigners net buyers * Korean won weakens against dollar * South Korea benchmark bond yield falls * For the midday report, please click SEOUL, - Round-up of South Korean financial markets: ** South Korean shares ended higher on Wednesday for the fourth session, boosted by gains in Samsung Electronics after Nvidia CEO Jensen Huang expressed confidence that …

Nvidia CEO Jensen Huang confident Samsung will overcome HBM production challenges, produce AI memory chips
1 day, 6 hours ago

Nvidia CEO Jensen Huang confident Samsung will overcome HBM production challenges, produce AI memory chips

Live Mint  

Nvidia Corp. head Jensen Huang said that Samsung Electronics Co. has faced difficulties producing a new type of memory chip for AI systems, but he expressed confidence that the partner company would overcome the challenges. The technology in question — the latest type of high-bandwidth memory, or HBM — is a vital part of new artificial intelligence systems that feature …

Samsung Q4 earnings expected to be hit by Nvidia AI chip supply delay
Trending News
2 days, 9 hours ago

Samsung Q4 earnings expected to be hit by Nvidia AI chip supply delay

Live Mint  

By Hyunjoo Jin SEOUL - Samsung Electronics, the world's top memory chip maker, is expected to forecast on Wednesday its profit growth continued to slow in the fourth quarter as it struggled to keep up with Nvidia's strong demand for AI chips. In contrast, Samsung's cross-town rival, SK Hynix, a major supplier of advanced AI memory chips to Nvidia, is …

S.Korean shares rise, led by SK and LG on shareholder return pledges
1 month, 2 weeks ago

S.Korean shares rise, led by SK and LG on shareholder return pledges

Live Mint  

* KOSPI rises, foreigners net buyers * Korean won strengthens against dollar * South Korea benchmark bond yield falls SEOUL, - Round-up of South Korean financial markets: ** South Korean shares rose more than 1% on Friday as major conglomerates SK and LG announced measures to improve shareholder value and were set to post their best week in three months. …

Nvidia Says New Chip Remains on Track, Helping Soothe Investors
1 month, 2 weeks ago

Nvidia Says New Chip Remains on Track, Helping Soothe Investors

Live Mint  

-- Nvidia Corp. assured investors that its new product lineup will continue to fuel an artificial intelligence-driven growth run, while also signaling that the rush to get chips out the door is proving costlier than expected. Speaking after the release of quarterly results, Chief Executive Officer Jensen Huang said that Nvidia’s highly anticipated Blackwell products will ship this quarter amid …

Nvidia Says New Chip Remains on Track After Forecast Disappoints
Trending News
1 month, 2 weeks ago

Nvidia Says New Chip Remains on Track After Forecast Disappoints

Live Mint  

-- Nvidia Corp. assured investors that its new product lineup can maintain the company’s AI-fueled growth run, though the rush to get the chips out the door is proving more costly than expected. Speaking after the release of quarterly results, Chief Executive Officer Jensen Huang said that Nvidia’s highly anticipated Blackwell products will ship this quarter amid “very strong” demand. …

Samsung reports 'major' progress in supply deal for AI chips
2 months, 1 week ago

Samsung reports 'major' progress in supply deal for AI chips

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Nvidia share price falls despite strong earnings results
4 months, 1 week ago

Nvidia share price falls despite strong earnings results

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Nvidia’s share price has fallen …

Nvidia is Wall Street’s 2nd-most valuable company. How it keeps beating expectations, by the numbers
4 months, 1 week ago

Nvidia is Wall Street’s 2nd-most valuable company. How it keeps beating expectations, by the numbers

Associated Press  

Nvidia has once again turned out quarterly results that easily exceeded Wall Street’s forecast s. The company has seen soaring demand for its semiconductors, which are used to power artificial intelligence applications. $26.3 billion Nvidia’s revenue from its data center business for the quarter ended July 31, up 154% from a year ago. $32.5 billion Nvidia’s estimate for overall revenue …

Nvidia is Wall Street's 2nd-most valuable company. How it keeps beating expectations, by the numbers
4 months, 1 week ago

Nvidia is Wall Street's 2nd-most valuable company. How it keeps beating expectations, by the numbers

The Independent  

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Sales set to double for chip giant Nvidia as AI frenzy persists
4 months, 2 weeks ago

Sales set to double for chip giant Nvidia as AI frenzy persists

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The chip firm, which is currently the world’s second …

Wall Street’s next big test is looming with Nvidia’s profit report
4 months, 2 weeks ago

Wall Street’s next big test is looming with Nvidia’s profit report

Associated Press  

NEW YORK — How much hype is left in Nvidia’s stock? Nvidia has ridden Wall Street’s mania around artificial intelligence to become one of the stock market’s most massive companies, with a total value topping $3 trillion. Combined with Nvidia’s big size, the blistering performance meant the chip company accounted for nearly 30% of the S&P 500’s total return for …

Samsung's 8-layer HBM3E chips clear Nvidia's tests for use
5 months ago

Samsung's 8-layer HBM3E chips clear Nvidia's tests for use

The Hindu  

A version of Samsung Electronics' fifth-generation high bandwidth memory chips, or HBM3E, has passed Nvidia's tests for use in its artificial intelligence processors, three sources briefed on the results said. The South Korean technology giant's 12-layer version of HBM3E chips, however, has yet to pass Nvidia's tests, the sources said, declining to be identified as the matter remains confidential. Samsung …

Samsung posts a 15-fold increase in operating profits in last quarter
5 months, 1 week ago

Samsung posts a 15-fold increase in operating profits in last quarter

Associated Press  

SEOUL, South Korea — Samsung Electronics Co. reported a 15-fold increase in operating profit for the second quarter this year, largely thanks to a strong demand for memory chips amid the expansion of artificial intelligence technologies. The company said favorable market conditions drove higher average sales prices, while robust sales of organic light-emitting diode panels also contributed to the stronger …

Nvidia slumps as tech sell-off deepens
5 months, 1 week ago

Nvidia slumps as tech sell-off deepens

The Telegraph  

Microsoft shares have fallen heavily as the software giant reported disappointing results that deepened investors’ fears about the artificial intelligence boom. Despite the figures being better than forecast, investors took fright at lower-than-expected sales in its cloud computing division, which is seen as the company’s key growth driver. Microsoft’s figures triggered a wider sell-off in after-hours trading with Nvidia falling …

Samsung expects profits to jump nearly 15-fold thanks to AI boom
6 months ago

Samsung expects profits to jump nearly 15-fold thanks to AI boom

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Samsung expects its profits for …

AI frenzy expected to have boosted Samsung second-quarter profit 13-fold
6 months ago

AI frenzy expected to have boosted Samsung second-quarter profit 13-fold

The Hindu  

Samsung Electronics is expected to post a 13-fold increase in second-quarter profit from a year earlier as demand for artificial intelligence technology fuels a rebound in memory chip prices. Operating profit for the world's biggest maker of memory chips, smartphones and TVs likely rose to 8.8 trillion won in the quarter ended June 30, according to the average of an …

Jensen Huang says ‘revolution here' as Nvidia ignites $140 billion stock rally. Here's why
7 months, 2 weeks ago

Jensen Huang says ‘revolution here' as Nvidia ignites $140 billion stock rally. Here's why

Hindustan Times  

Nvidia- the chipmaker at the center of an artificial intelligence boom, gained after a bullish sales forecast showed that its AI computing spending remains strong. Nvidia CEO Jensen Huangs speaks at the company's office in Santa Clara, California. Nvidia CEO Jensen Huang said that this is the dawning of a new era as his company's market valuation skyrocketed, topping $2.3 …

Nvidia’s profit soars, underscoring its dominance in chips for artificial intelligence
7 months, 2 weeks ago

Nvidia’s profit soars, underscoring its dominance in chips for artificial intelligence

Associated Press  

SAN FRANCISCO — Nvidia on Wednesday overshot Wall Street estimates as its profit skyrocketed, bolstered by the chipmaking dominance that has made the company an icon of the artificial intelligence boom. Huang predicted that the companies snapping up Nvidia chips will use them to build a new type of data centers he called “AI factories” designed to produce “a new …

Samsung’s profit surges after AI boom reverses chip losses
8 months, 1 week ago

Samsung’s profit surges after AI boom reverses chip losses

Hindustan Times  

Samsung Electronics Co. topped analyst earnings estimates after its semiconductor division returned to profitability, as companies like Microsoft Corp. and Alphabet Inc. led a surge in spending on artificial intelligence services. Samsung Electronics reported a 10-fold increase in operating profit for the last quarter as the expansion of artificial intelligence technologies drives a rebound in the markets for computer memory …

Samsung reports a 10-fold increase in profit as AI drives rebound in memory chip markets
8 months, 1 week ago

Samsung reports a 10-fold increase in profit as AI drives rebound in memory chip markets

Associated Press  

SEOUL, South Korea — Samsung Electronics on Tuesday reported a 10-fold increase in operating profit for the last quarter as the expansion of artificial intelligence technologies drives a rebound in the markets for computer memory chips. Revenue rose by nearly 13% to 71.9 trillion won, driven by higher prices for memory chips and robust sales of its flagship Galaxy S24 …

Nvidia shares shed 10%, shaving off at least $200 billion
8 months, 2 weeks ago

Nvidia shares shed 10%, shaving off at least $200 billion

The Hindu  

Nvidia shares fell by 10% in the last day, sending shockwaves through the tech sector as the company lost over $200 billion in value. Analysts pointed to pressure on the semiconductor industry, upcoming earnings reports, and a fall in stock prices of Nvidia vendor Super Micro Computer, as possible factors behind Nvidia’s own falling stock value. Apart from Nvidia, a …

Samsung witnesses new opportunity in AI: Know-how
9 months, 2 weeks ago

Samsung witnesses new opportunity in AI: Know-how

India TV News  

Samsung Electronics, the largest memory chip maker in the world has stated that the macroeconomic uncertainties are expected to grow higher by this year itself. In an annual meeting of shareholders Han Jong-hee, Vice Chairman and CEO of Samsung Electronics said, "Although uncertainties in the macroeconomic environment are expected to be high this year, new opportunities will also be increased …

Samsung sees tech devices demand recovering in 2024 after record chip loss
11 months, 1 week ago

Samsung sees tech devices demand recovering in 2024 after record chip loss

The Hindu  

Samsung Electronics flagged a continued recovery in memory chips and tech demand in 2024, after reporting a 34% drop in fourth-quarter profit despite a memory price rebound as consumer demand remained weak in many businesses. However, fourth-quarter losses shrank to 2.18 trillion won in the fourth quarter, lower than every other quarterly loss in 2023 in the business that has …

Samsung says chips to recover in 2024 after best quarterly profit this year
1 year, 2 months ago

Samsung says chips to recover in 2024 after best quarterly profit this year

The Hindu  

Samsung Electronics on Tuesday flagged gradual demand recovery in 2024 after reporting its highest quarterly profit so far this year, as the battered memory chip market began showing signs of rebound from a severe downturn. The proliferation of on-device artificial intelligence functions will increase appetite for DRAM chips in premium products in 2024, the world's biggest memory chip and smartphone …

Taiwan says awaiting U.S. announcement on China chip waver extension
1 year, 2 months ago

Taiwan says awaiting U.S. announcement on China chip waver extension

The Hindu  

Taiwan was waiting for a decision by the U.S. government on whether Taiwanese chipmakers will be allowed a waiver extension to supply U.S. chip equipment to their factories in China, Economy Minister Wang Mei-hua said on Thursday. South Korea's government said this week that Samsung Electronics and SK Hynix will be allowed to supply U.S. chip equipment to their China …

Samsung's chip losses expected to decrease in Q3 due to production cuts
1 year, 3 months ago

Samsung's chip losses expected to decrease in Q3 due to production cuts

India TV News  

Samsung Electronics is anticipated to narrow its chip deficit in the third quarter due to continued cuts in chip production. Samsung began cutting chip production earlier this year, following the lead of peers like SK hynix Inc. and Micron Technology Inc., which started reducing production late last year to address the oversupply issue. However, analysts believe that Samsung's production cuts …

Samsung to cut chip output to ride out downturn: Report
1 year, 9 months ago

Samsung to cut chip output to ride out downturn: Report

Hindustan Times  

Samsung Electronics Co Ltd said on Friday it would make a "meaningful" cut to chip production, following the lead of smaller rivals, as it grapples with a sharp global downturn in semiconductor demand that has sent prices plummeting. Samsung jumped 4.5% in early trading in the biggest one-day rise since September, while rival SK Hynix Inc's shares surged 5.6% The …

Samsung to invest $230 billion through 2042 in South Korea chipmaking base
1 year, 9 months ago

Samsung to invest $230 billion through 2042 in South Korea chipmaking base

Hindustan Times  

Samsung Electronics Co Ltd on Wednesday said it will invest around 300 trillion won by 2042 to develop what the government called the world's largest chip-making base, in line with efforts to enhance South Korea's chip industry. The amount makes up most of the 550 trillion won in private-sector investment announced by the government on Wednesday, under a strategy that …

Samsung logs sharp drop in profits- Reaffirms no production cut
2 years, 2 months ago

Samsung logs sharp drop in profits- Reaffirms no production cut

India TV News  

Samsung Electronics posted a sharp drop in profits for the third quarter of 2022, as its main semiconductor business faced major headwinds from weakening memory chip prices and demand. The world's largest memory chip and mobile phone maker said in a regulatory filing its third-quarter net profit declined 23.6 per cent from a year earlier to 9.38 trillion won, reports …

Samsung's earnings slump on rapid drop-off in chip demand
2 years, 3 months ago

Samsung's earnings slump on rapid drop-off in chip demand

The Hindu  

Samsung Electronics Co Ltd. flagged a worse-than-expected 32% drop in quarterly operating earnings on Friday, as an economic downturn slashed demand for electronic devices and the memory chips that go in them. Samsung's memory chip shipments likely came in below already downgraded expectations and prices could fall further this quarter, analysts said, as customers react to rising inflation, higher interest …

Chips drive highest Samsung Q2 profit since 2018, but demand cooling
2 years, 6 months ago

Chips drive highest Samsung Q2 profit since 2018, but demand cooling

The Hindu  

South Korea's Samsung Electronics Co Ltd turned in its best April-June profit since 2018 on Thursday, underpinned by strong sales of memory chips to server customers even as demand from inflation-hit smartphone makers cools. Smartphone demand weakens Rising inflation, concerns about a downturn in major markets, the war in Ukraine and China's COVID-19 lockdowns have resulted in slowing smartphone sales, …

Samsung to invest $356 bln over five years in strategic sectors
2 years, 7 months ago

Samsung to invest $356 bln over five years in strategic sectors

The Hindu  

Samsung Group will invest 450 trillion won in the next five years to accelerate growth in semiconductors, biopharmaceutical and other next-generation technologies, Samsung Electronics said. South Korea's top conglomerate said on Tuesday the investments through 2026 are expected to help Samsung drive long-term growth in strategic areas such as the chip sector, while pledging aggressive investments in the biopharmaceutical sector …

Samsung Sees Profits Jump 50 Per Cent Thanks To Strong Chipset And Mobile Sales
2 years, 8 months ago

Samsung Sees Profits Jump 50 Per Cent Thanks To Strong Chipset And Mobile Sales

News 18  

Samsung Electronics on Thursday reported its best first-quarter earnings in four years on the back of solid chip and mobile demand. The world’s largest memory chip and mobile phone maker said its operating profit rose more than 50 per cent to $11.1 billion in a regulatory filing, reports Yonhap News Agency. The company said its memory business logged 26.87 trillion …

Samsung Elec sees component shortages persisting in H2, solid server chip demand
2 years, 8 months ago

Samsung Elec sees component shortages persisting in H2, solid server chip demand

The Hindu  

Samsung Electronics Co Ltd reported a 51% rise in quarterly profit on Thursday, buoyed by robust data centre demand for high-margin memory chips, but cautioned that component shortages will likely continue in the second half. The world's top memory chip and smartphone maker said demand for server chips is expected to be relatively solid in the second half, but the …

Global DRAM Memory Market And Prices Down in Q4: Report
2 years, 10 months ago

Global DRAM Memory Market And Prices Down in Q4: Report

News 18  

Global dynamic random access memory shipments dropped nearly 6 percent in the fourth quarter from three months earlier, a report showed on Friday, amid sluggish demand from manufacturers that had hoarded up the key consumer electronics component over continued chip shortages. DRAM revenue at Samsung Electronics Co., the world’s largest memory chipmaker, dropped to $10.5 billion in the fourth quarter, …

Samsung’s fourth-quarter revenue is best ever
2 years, 11 months ago

Samsung’s fourth-quarter revenue is best ever

Live Mint  

SEOUL : Samsung Electronics Co. capped off a year where it surpassed Intel Corp. to become the world’s No. Samsung, the world’s largest maker of smartphones and televisions, is considered a tech-industry bellwether, as a major electronics manufacturer and components supplier to companies such as Apple Inc. and Sony Group Corp. For the full year, Samsung’s net profit rose 51% …

Samsung to invest $205 billion in tech, robotics, creating 40,000 new jobs
3 years, 4 months ago

Samsung to invest $205 billion in tech, robotics, creating 40,000 new jobs

Firstpost  

The announcement comes just days after Lee Jae-yong, the de-facto leader of the conglomerate, walked out of prison on parole after completing only about half of his jail term. Samsung Group unveiled a $205 billion investment blueprint on Tuesday aimed at making the company a leader in a range of technologies from semiconductors to robotics and creating 40,000 new jobs. …

Samsung boosts non-memory chip investment to $151 billion as South Korea offers bigger tax breaks
3 years, 7 months ago

Samsung boosts non-memory chip investment to $151 billion as South Korea offers bigger tax breaks

Live Mint  

Samsung Electronics on Thursday raised its planned investment in non-memory chips to 171 trillion won through 2030, joining a rush of firms ramping up investments amid a global semiconductor shortage. South Korea on Thursday said it would offer bigger tax breaks plus 1 trillion won in loans for its local chip industry. "Countries around the world have entered fierce competition …

Chips are in short supply. Manufacturers are spending big to prevent a repeat
3 years, 7 months ago

Chips are in short supply. Manufacturers are spending big to prevent a repeat

CNN  

New Delhi CNN Business — As the world grapples with a shortage of semiconductors, South Korea’schipmakers are spending huge amounts of money to shore up their production in the decade ahead. The announcement Thursday from co-CEO and Vice Chairman Park Jung-ho at a government event “demonstrated his strong will that SK Hynix will devote to stabilize the global semiconductor supply …

Samsung First-Quarter Profit Likely Surged 45% on Bumper Smartphone, Appliance Sales
3 years, 9 months ago

Samsung First-Quarter Profit Likely Surged 45% on Bumper Smartphone, Appliance Sales

News 18  

Samsung Electronics Co Ltd likely saw a 45 percent jump in profit for January-March on robust sales of smartphones, TVs and home appliances, though chip division earnings are seen tumbling after a storm suspended production at its US plant. Operating profit for the South Korean tech giant in the quarter is expected to have climbed to 9.3 trillion won, according …

Samsung Tops Global TV Market for 15th Straight Year in 2020, LG Takes Second Spot
3 years, 10 months ago

Samsung Tops Global TV Market for 15th Straight Year in 2020, LG Takes Second Spot

News 18  

Samsung has announced that the company topped the global TV market for the 15th consecutive year. Citing the latest data from market research firm, Omdia, the South Korean tech giant says that its global TV market share by revenue in Q4 2020 stood at 31.8 percent while the company retained the largest annual category market share by revenue in 2020 …

Intel to sell NAND business to South Korean rival for $9 billion
4 years, 2 months ago

Intel to sell NAND business to South Korean rival for $9 billion

The Hindu  

Intel has agreed to a $9 billion deal to sell most of its memory business to South Korea’s SK Hynix as it moves toward more diverse technologies while shedding a major Chinese factory at a time of deepening trade friction between Washington and Beijing. According to the plan confirmed by the companies on Tuesday, SK Hynix will acquire Intel’s NAND …

Samsung Q3 profit likely at two-year high after Huawei orders, phone recovery
4 years, 3 months ago

Samsung Q3 profit likely at two-year high after Huawei orders, phone recovery

Live Mint  

Samsung Electronics Co Ltd said its third-quarter profit likely jumped 58% to the highest in two years, beating analysts' estimates as U.S. restrictions on China's Huawei boosted the South Korean tech giant's phone and chip sales. MOBILE PROFIT BOOST Samsung was expected to post its biggest smartphone profit in at least four years, analysts said, as it gained market share …

Samsung expects smartphone demand to drive second half earnings
4 years, 5 months ago

Samsung expects smartphone demand to drive second half earnings

Live Mint  

Samsung Electronics Co Ltd expects a global recovery in demand for smartphones and consumer electronics to underpin profits in the second half of the year, after a coronavirus-propelled shift to online working boosted quarterly earnings. Samsung, the world's top maker of memory chips, tempered its relatively upbeat forecast when announcing second quarter results on Thursday with a warning that the …

Samsung’s second-quarter chip sales unlikely made up for smartphone weakness
4 years, 6 months ago

Samsung’s second-quarter chip sales unlikely made up for smartphone weakness

Live Mint  

At Samsung Electronics Co Ltd, demand for its chips from data centres bulking up to meet a surge in work-from-home traffic was not likely enough to offset muted sales of its smartphones in the second quarter, analysts said. Work-from-home orders and growth in online learning is underpinning chip demand amid the COVID-19 pandemic, prompting U.S. DRAM supplier Micron Technology Inc …

Samsung chip sale boosted but Q1 profits may remain flat due to Coronavirus outbreak
4 years, 9 months ago

Samsung chip sale boosted but Q1 profits may remain flat due to Coronavirus outbreak

Firstpost  

Samsung is likely to estimate its operating profit at 6.2 trillion won, unchanged from the same period a year ago. The coronavirus-driven global shift to working from home is set to have boosted demand for Samsung Electronics’ memory chips from laptop makers and data centres, but first-quarter profits are likely to remain flat as the outbreak weakened consumer electronics sales. …

Samsung expects increase in 5G chips demand in 2020 but fears US-China trade war and coronavirus
4 years, 11 months ago

Samsung expects increase in 5G chips demand in 2020 but fears US-China trade war and coronavirus

Firstpost  

Samsung supplier SDI said it expects current-quarter earnings to be adversely affected by the virus outbreak. But in a guarded outlook, the world’s biggest memory chip and smartphone maker said on Thursday it couldn’t rule out the possibility that demand growth may be curbed amid lingering tensions on US-China trade and looming fears of the economic impact of the new …

Samsung Electronics says Q4 net profit slumps 38%
4 years, 11 months ago

Samsung Electronics says Q4 net profit slumps 38%

Live Mint  

Seoul: The world's biggest smartphone maker, Samsung Electronics, reported a slump in fourth-quarter net profits on Thursday, blaming weakening demand in key products and falling chip prices. "Fourth-quarter profit dropped from a year earlier due to the continued fall in memory chip prices and weakness in display panels," Samsung said in a statement. Samsung said it expects "weak sales from …

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