Early Asia tech results signal slow recovery after virus battering


An attendee wears a surgical mask during Samsung Galaxy Unpacked 2020 in San Francisco California U.S. February 11 2020. REUTERSStephen LamFiles

Samsung Electronics guided on March 7 to a better-than-expected first-quarter profit, as datacentres stacked up on memory chips to deal with a rise in virtual meetings. — Reuters

SHANGHAI/SEOUL: Smartphone sales in China are rising again as Covid-19 cases there decline and global demand for chips used in work-from-home networks is surging, positioning Asian tech firms for a slow but steady recovery, their early quarterly report cards showed.

Samsung Electronics guided on March 7 to a better-than-expected first-quarter profit, as datacentres stacked up on memory chips to deal with a rise in virtual meetings.

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