SEOUL: With Samsung Electronics expected to suffer its biggest annual profit drop in at least a decade, investors are counting on an expected uptick in the memory-chip market to cure the tech giant’s ills this year.
When it issues preliminary fourth-quarter results on Jan 8, the world’s top maker of memory chips used in smartphones, laptops and servers is set to post a 40% slump in operating profit to 6.48 trillion won (US$5.56bil), according to Refinitiv SmartEstimate, weighted towards more consistently accurate analysts.