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Samsung’s Profit Beats Forecast Amid Hopes for Chip Recovery

By Juro Osawa
· · Source: The Information

Samsung said its operating profit for the fourth quarter of last year likely dropped 34% from a year earlier, reporting a figure that was better than expectations. Samsung’s stock rose Wednesday morning on hopes that the worst may be over for the company’s chip business. The key question is whether 2020 will be a better year for the global semiconductor market than 2019, when memory chip prices...

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