Samsung’s Semiconductor Profits Fall Four-Fold Year-on-Year

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Samsung’s semiconductor profits plunged more than four-fold in Q3 year-on-year, tumbling from 13.65 trillion KRW (£11 billion) to 3.05 trillion KRW (£2 billion), the South Korean firm reported Thursday, as the industry remains hit by stagnant demand, growing competition, and low prices.

The company particularly blamed “large price declines for mobile application processors” amid “intensified competition” on an earnings call.

The US-China trade dispute, smartphone market saturation, a slump in memory prices and slower growth in servers and PCs through 2019 are expected by Gartner to drive the global semiconductor market

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