Samsung Electronics' second-quarter profit likely halved as Huawei woes worsen chip glut

Samsung Electronics is likely to say second-quarter profit more than halved when it reports preliminary earnings on Friday, data showed, as a drop in memory chip shipments to China's embattled Huawei exacerbated a price-squeezing supply glut.

from Reuters: Business News https://ift.tt/2XmL40p