Samsung logs strong Q3 but warns of profit dip ahead

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

20201029 samsung logo 2

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

KIM JAEWON, Nikkei staff writer

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.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.