Samsung Electronics first-quarter profit falls 60 percent on-year as weak chip prices bite

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Samsung Electronics first-quarter profit falls 60 percent on-year as weak chip prices bite

Hit by falls in chip prices and slowing demand for panels.

Samsung Electronics Co Ltd posted a 60 percent drop in first-quarter operating profit on Tuesday, hit by falls in chip prices and slowing demand for display panels. Operating profit was 6.2 trillion won (US$5.4 billion) in the January-March quarter, in line with the 6.2 trillion won the company ...

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