Samsung Electronics Co is counting on a gradual recovery in memory c...
) is counting on a gradual recovery in memory chip demand from data centers and 5G smartphone makers to help it bounce back in 2020 after sliding to its worst operating profit in four years.
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 U.S.-China trade and looming fears of the economic impact of the new coronavirus outbreak in China and beyond.
Samsung, which counts smartphone rivals Apple Inc and Huawei Technologies Co as customers for its chips and displays, said fourth-quarter operating profit slumped to 7.16 trillion won on weaker chip demand, down 34% from the same period a year earlier.
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