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Samsung logs strong Q3 but warns of profit dip ahead

Smartphone competition and server chip correction likely to weigh on final quarter

Samsung expects mobile chip demand to rise in the fourth quarter but server chip demand to remain sluggish.   © Reuters

SEOUL -- Samsung Electronics reported strong third-quarter results on Thursday thanks to healthy mobile memory chip sales but warned that profit and revenue will dip in the fourth quarter as server chip demand undergoes a post-coronavirus correction.

The South Korean electronics giant said Chinese smartphone makers were the main buyers of its mobile chips, a trend it expects to continue despite the U.S. crackdown on Huawei Technologies, a key Samsung customer.

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