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Samsung Electronics looks to chip recovery as second quarter profit falls 56%

Updated : July 31, 2019 06:42 AM IST

The outlook from the global chip leader will give investors hope that the notoriously cyclical memory chip industry is shifting out of a downturn linked to slowing sales of gadgets such as smartphones.
South Korean chipmakers' third-quarter results may be affected by Japanese curbs on the export of key materials, the latest salvo in a diplomatic row between Seoul and Tokyo over wartime forced labour.
While Samsung plans two high-end mobile product launches in the second half to revive profit - including its first foldable device - weakness in the global smartphone market will limit any upside.
Samsung Electronics looks to chip recovery as second quarter profit falls 56%

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