Samsung Elec unveils stock split, record profit as chips sizzle


Samsung Electronics delivered its third consecutive quarter of record results, owing to robust demand for its memory chips, though operating profit at its smartphone unit fell.

Samsung Electronics Co Ltd announced on Wednesday its first stock split and said it expects demand for semiconductors to remain strong in 2018, as it posted record annual profit driven by a so-called memory chip "super-cycle."

Source: Reuters

All Sources: Wall Street Journal Reuters


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