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Scarred by the global recall of its flagship smartphone, Samsung Electronics Co is set to report on Oct 7 it still expects a small rise in third-quarter profit, analysts say, with healthy sales of memory chips and displays easing the pain.
Tech giant Samsung Electronics Co Ltd is poised to issue guidance for its best quarterly profit in more than two years, propelled by a surge in mobile earnings on the back of robust sales of its flagship Galaxy S7 smartphones.
Memory-chip maker Micron Technology Inc said it would lower costs, including by cutting jobs and focusing on fewer programmes, after its hopes of reversing its fortunes this year were thwarted by a persistently challenging market.
Gloom may be settling over much of the world's semiconductor industry but Samsung Electronics Co Ltd is expected to cope better than most due to its strong technological edge, enabling it to boost market share for some key products and possibly even lift revenue.
Andy Grove, the Silicon Valley elder statesman who made Intel into the world's top chipmaker and helped usher in the personal computer age, died on March 22 at age 79, Intel said.
Slowing global demand for smartphones as well as memory chips dealt a blow to Samsung Electronics as it reported a 40% on-year drop in fourth-quarter net profit.
Slowing global demand for personal computers and smartphones slashed the profits of South Korean semiconductor giant SK Hynix by half in the fourth quarter, the company said.
Micron Technology Inc forecast a surprise loss for the second quarter, as the memory chipmaker struggles with weak demand for chips used in personal computers and lower average selling prices.
China's Tsinghua Unigroup Ltd plans to invest 300bil yuan (RM206.25bil or US$47bil) over the next five years in a bid to become the world's third-biggest chipmaker, the chairman of the state-backed technology conglomerate said.