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Another Setback for Samsung as Profit Misses Estimates

  • Top memory chipmaker warns of lingering uncertainties
  • Investors are banking on a gradual bounceback in chip demand
Samsung Electronics Memory Modules As Company's Profit Drops Most in Four Years
Photographer: SeongJoon Cho/Bloomberg
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Samsung Electronics Co. joined rivals in cautiously predicting a rebound in chip prices in the second half of the year as demand from server-makers picks up.

The South Korean company’s guarded outlook, which echoed recent comments from SK Hynix Inc., came after it posted first-quarter profit that missed estimates. It’s the latest setback for a technology giant grappling with falling memory-chip revenue and the embarrassing delay of its highly touted foldable smartphone. Its shares were little changed in Seoul.