Samsung Electronics Flags Persistent Cost Pressures and Soft Demand for System LSI Business
Samsung's System LSI unit warns of ongoing rising component costs and weak consumer demand, while its foundry business saw significant earnings improvement prior to incentive provisions.
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Samsung Electronics provided an update on its System LSI and foundry operations. The System LSI division expects rising component costs and subdued consumer demand to continue.
Meanwhile, the foundry business reported a significant improvement in earnings, but the figures were before accounting for incentive-related provisions. The company did not disclose the potential impact of those provisions.
Source: First Squawk