Samsung Electronics sees tough 2019 for component business: CEO

SEOUL: Samsung Electronics Co Ltd expects a tough year for its component business including memory chips due to sluggish growth in the smartphone market and reduced investment from data centre companies, Chief Executive Kim Ki-nam said on Wednesday.

He was speaking at the South Korean tech giant's annual general meeting where shareholders are expected to vote on the appointment of board directors.Samsung is seeking new growth in areas such as network equipment manufacturing as sales of its mainstay chips and smartphones begin to drop. The company would continue to make bold investments in semiconductor manufacturing in the face of stiffening Chinese competition, Kim said.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

New CEO of Walmart Japan and Seiyu says 'not here to sell a business'The newly appointed chief executive of Walmart Japan and Japanese supermarket chain Seiyu said on Monday he had no plan to sell the Japanese ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

SBR National Business Awards 2019 opens nominationsSingapore Business Review is now accepting nominations for the National Business Awards! Homegrown Singaporean companies are eligible to join. Nominate your most exemplary projects and stand out as one of the best local companies in Singapore. SBRAwards
Source: SBRMagazine - 🏆 13. / 51 Read more »

Mahindra takes second crack at US auto market with 'India tough' off-roader'Warning: Don't do anything stupid!' reads the sign to the right of Rick Haas' office computer.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »