Samsung slashes capex, calls end to chip boom after record third quarter

Samsung slashes capex, calls end to chip boom after record third quarter

6 years ago
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https://www.reuters.com/article/us-samsung-elec-results/samsung-slashes-capex-calls-end-to-chip-boom-after-record-third-quarter-idUSKCN1N431G

Samsung Electronics Co Ltd slashed 2018 capex by more than a quarter on Wednesday and warned of lower profit until early next year, calling an end to a two-year boom in memory chips that fueled record third-quarter profit.

Samsung slashes capex, calls end to chip boom after record third quarter

Oct 31, 2018, 5:24am UTC
https://www.reuters.com/article/us-samsung-elec-results/samsung-slashes-capex-calls-end-to-chip-boom-after-record-third-quarter-idUSKCN1N431G >Samsung Electronics Co Ltd slashed 2018 capex by more than a quarter on Wednesday and warned of lower profit until early next year, calling an end to a two-year boom in memory chips that fueled record third-quarter profit.