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ELECTRONICS July 3, 2019 Samsung Electronics’ Q2 profit likely halved as Huawei woes worsen chip glut
By: Loknath DasSEOUL: 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 […]
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