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
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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.