Samsung Expects Sluggish Demand to Drag On as Profit Slides
SEOUL—
Samsung Electronics Co.
expects demand for semiconductors and smartphones to remain sluggish as macroeconomic challenges and fears of a recession continue to hurt sales, but it said a recovery could be possible in the second half.Economic uncertainties are weakening momentum for any short-term rebound in demand for memory chips, Samsung’s main cash cow, said Kim Jae-june, executive vice president for global sales and marketing at the company’s memory business, in an earnings call…