Samsung Electronics is expected to see its third-quarter profits slump as the company's mainstay memory-chip and smartphone businesses feel the effects of curbed consumer spending
Semiconductor manufacturers Samsung, Intel and Texas Instruments recently announced plans for new chip factories in the U.S. WSJ’s Rob Copeland visits central Texas to learn why Samsung is moving to the region and what this type of reshoring could mean for the American economy. Photo illustration: Adele MorganSEOUL— Samsung Electronics Co.
is expected to see its third-quarter profit slump as the company’s mainstay memory-chip and smartphone businesses feel the effects of curbed consumer spending on tech products in the midst ofOn Friday, the tech company projected third-quarter operating profit of 10.8 trillion South Korean won, or roughly the equivalent of $7.7 billion, a 32% drop from the prior year’s 15.8 trillion won.
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