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Samsung 2Q profit halves as DRAM prices sink

South Korean tech giant gains little from Huawei's lingering US problems

South Korean analysts estimate that operating profit for Samsung's semiconductor business fell 70%.(Photo courtesy of the company)

SEOUL -- Samsung Electronics said on Friday that operating profit fell to 6.5 trillion won ($5.56 billion) in the quarter ended June, falling 56% year on year in the face of sinking DRAM prices.

The South Korean maker received only limited tail winds from the U.S. ban on Chinese smartphone rival Huawei Technologies, with operating profit dropping 60% in the quarter ended March.

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