After dismal 2019, Samsung pins modest recovery hopes on chip market pick-up

) earlier offered positive outlooks, fuelling hopes of a rebound in chip prices after a slide that started in late 2018.

Samsung said it expected January-March earnings to fall from the preceding quarter, reflecting low seasonal demand for chips and displays. “Samsung offered a conservative outlook for the memory market, and there is a disconnect between market views and the company views when it comes to strength of the recovery,” said Park Sung-soon, an analyst at Cape Investment & Securities.

Fourth-quarter operating profit more than halved to 3.45 trillion won in Samsung’s mainstay chip division, while its mobile division profit surged by two-thirds to 2.52 trillion won, thanks to strong sales of flagship models and a revamp of its mid- and lower-end A series line-up.

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