Tag: Samsung Electronics
Tesla switched over to its own chips and self-driving computer from Nvidia’s for the Model S and Model X about a month ago, and for the Model 3 about 10 days ago.
It is the biggest decline since a similar drop in the third quarter of 2014.
Samsung is seeking new growth in areas such as network equipment manufacturing as sales of its mainstay chips and smartphones begin to drop.
Apple’s rivals co-opted the company’s strategy of squeezing more cash out of stagnating unit sales, pushing the price of some phones well above what many would pay for a laptop computer.
The South Korean benchmark is one of the biggest gainers among national gauges in Asia.
Smartphone labels from Apple to Samsung Electronics are contending with a plateauing global market after years of breakneck growth.
The South Korean technology giant said it expected a quarter-on-quarter earnings decline in the fourth quarter as the memory chip market entered a period of seasonal weakness ahead of a pick-up in 2019.
Sales for the third quarter are expected to reach 65 trillion won, the world's largest maker of smartphones and memory chips said in a statement.
Industry consolidation means fewer players have greater control over supply and demand, and Samsung is near its bottom and unlikely to fall more than 5% from current levels.
Texas jury said Samsung infringed a patent of a technology known as FinFet, owned by a South Korean university.