Samsung Electronics Co Ltd said it expected the chip market to botto...
) said it expected the chip market to bottom out and start to recover in the second half as it posted a 56% drop in quarterly profit on Wednesday, hit by declines in semiconductor prices amid oversupply.
“Server demand is expected to increase gradually as customers adjust their inventory levels and resume purchasing, while PC demand is also likely to expand,” the South Korean tech giant said, referring to demand for its DRAM chips. South Korea’s SK Hynix last week warned of possible disruption in its chip manufacturing due to the Japanese export controls, and said it would cut investment and production to curtail supply.
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