, After meager 2019, Samsung’s modest chip recovery outlook falls flat – Source Reuters Tech News, iBSC Technologies - learning management services, LMS, Wordpress, CMS, Moodle, IT, Email, Web Hosting, Cloud Server,Cloud Computing
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After meager 2019, Samsung’s modest chip recovery outlook falls flat – Source Reuters Tech News

SEOUL (Reuters) – Samsung Electronics Co (005930.KS) is counting on a gradual recovery in memory chip demand from data centers and 5G smartphone makers to help it bounce back in 2020 after sliding to its worst operating profit in four years.

, After meager 2019, Samsung’s modest chip recovery outlook falls flat – Source Reuters Tech News, iBSC Technologies - learning management services, LMS, Wordpress, CMS, Moodle, IT, Email, Web Hosting, Cloud Server,Cloud Computing

FILE PHOTO: FILE PICTURE: Workers set up a Samsung display in preparation for the 2020 CES trade show in Las Vegas, Jan. 5, 2020. REUTERS/Steve Marcus/File Photo

But in a guarded outlook, the world’s biggest memory chip and smartphone maker said on Thursday it couldn’t rule out the possibility that demand growth may be curbed amid lingering tensions on U.S.-China trade and looming fears of the economic impact of the new coronavirus outbreak in China and beyond.

The conservative forecast failed to satisfy investors hoping for a brighter outlook, and the company’s shares ended down 3.2%, having fallen as much as 3.9% at one point, while the Seoul market benchmark was off 1.7%.

Samsung, which counts smartphone rivals Apple Inc (AAPL.O)…

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