Samsung’s Profit Falls Again on Uneven Chip Demand Recovery
- Chip losses bigger than expected, although tax credit helped
- Shares fell in Seoul as client AMD’s weak outlook weighs
This article is for subscribers only.
Samsung Electronics Co. posted its fourth straight quarter of profit decline in the holiday quarter, after a long-awaited recovery in chip and electronics demand delivered few returns for the world’s biggest memory maker.
South Korea’s most valuable company said net income fell 74% in the last three months of the year to 6.02 trillion won ($4.5 billion), after its mainstay chip operations posted a loss of 2.18 trillion won — bigger than what analysts projected.