Samsung sees rebound in chip profits
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South Korea's Samsung Electronics Co. expects strong demand and cost cuts to boost second-half profit in its chip business, it said Friday.
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Samsung shares rise 6% despite falling profits as investors focus on upbeat forecasts.
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Shares of semiconductor stocks continued to bounce back Friday despite another round of profit warnings from chip makers predicting third-quarter sales won&#39;t live up to previous expectations.
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In spite of a slowdown in cell-phone sales, Samsung Electronics Co. still roared to a 46-percent profit compared with the same period last year.
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Samsung Electronics, the world's largest manufacturer of computer memory chips, said it would invest 680 billion won (647 million dollars) to expand capacity at its flash memory plant.
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Its net income during the June to September period was 2.69tr won (Â£1.2bn), 46% up on the same period a year earlier. During the period, which is Samsung Electronics&#39; fiscal third quarter, the company said
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Samsung Electronics , the world's top memory chip maker, reported a 5 percent drop in quarterly profit on Friday after a steep fall in computer memory chip prices overshadowed improvements in flat screens.
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The South Korean consumer electronics and appliances company swung to a profit in the second quarter on strong sales of appliances and premium mobile phones.
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Computer chipmaker Advanced Micro Devices says competition in the market for flash memory will hit profits.
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The South Korean consumer electronics and appliances company swung to a profit on strong sales of appliances and premium mobile phones.
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Korean chipmaker Samsung says it will invest 25 trillion won building new chip production lines over the next six years.
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Hynix Semiconductor, one of the world's largest microchip makers, said its net profit rose fourfold in the third quarter of this year due to strong chip sales but cautioned that earnings had been hit by weaker prices.
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The world's largest chipmaker posts its best quarterly sales figures, boosting optimism about profits in the industry.
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Intel Corp. (INTC.O: Quote, Profile, Research) , the world&#39;s largest maker of microchips, on Thursday raised its quarterly revenue outlook, citing strong worldwide
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Samsung Electronics Co., the world&#39;s second-largest semiconductor maker, said it expects global chip sales next year to grow at half of this year&#39;s pace on increased supply from new plants coming online.
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Samsung said Friday that second-quarter net profit fell 5 percent from a year ago on price declines for its mainstay computer memory chips, but expressed confidence a rebound in the market would bolster earnings.
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NEW YORK - Optimism that the embattled technology sector was due for a recovery sent stocks modestly higher Monday despite a new revenue warning from semiconductor company Broadcom Inc.    While Broadcom, which makes chips for television set-top boxes and other electronics, said high inventories resulted in delayed shipments, investors were encouraged as it said future quarters looked brighter...