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Business trends

Asian chipmakers' profits plunge after smartphone downturn

Samsung margins shrink 14 points while SK Hynix cuts investment by 40%

Semiconductor makers are being squeezed by sluggish smartphone sales and a slowdown in new data centers. (Photo courtesy of Samsung Electronics)

TOKYO -- Asian semiconductor producers, along with global peers, hit a wall in the final quarter of 2018 as earnings sank amid slowing smartphone sales and flagging demand for new data centers.

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