SEOUL: 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.