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Samsung profits down by 56% in Q2 due to Huawei’s US ban

1 min read
Published 5 July 2019

Today, Samsung Electronics said that profits for the three months that ended June more than halved from a year earlier following continued weakness in the price and demand of memory chips. Memory components, which are used in mobile handsets and enterprise servers, comprise Samsung’s main profit-making business. Analysts say that DRAM and NAND flash chips […]