• ELECTRONICS
    Samsung Electronics’ Q2 profit likely halved as Huawei woes worsen chip glut

    SEOUL:¬†Samsung¬†Electronics is likely to say second-quarter profit more than halved when it reports preliminary earnings on Friday, data showed, as a drop in memory chip shipments to China’s embattled¬†Huaweiexacerbated a price-squeezing supply glut. The quarterly result would be the South Korean firm’s lowest in nearly three years, with the prospect of an earnings recovery still […]