Samsung's net profit have reduced by 53% year-on-year from April to June due to a weakening chip market. – EPA pic, July 31, 2019.
THE world’s biggest smartphone and memory chip maker Samsung Electronics today reported second-quarter net profits slumping by more than half in the face of a weakening chip market, and as a trade row builds between Seoul and Tokyo. The flagship subsidiary of the sprawling Samsung Group has enjoyed record profits in recent years despite a series of setbacks but is now struggling with chip prices falling as global supply increases.
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