ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Samsung Electronics Q4 profit plummets amid global chip downturn

South Korean tech giant's slump expected to continue in first half of this year

Semiconductors made by Samsung Electronics are a mainstay of the global technology industry. (Photo courtesy of Samsung Electronics) 

SEOUL -- Samsung Electronics said Tuesday that operating profit plunged in the fourth quarter of last year, as global economic headwinds snuffed out demand for semiconductors and smartphones -- the company's two key revenue sources.

The South Korean tech company said that its operating profit came in at 4.3 trillion won ($3.5 billion) for the three months through December, a decline of 69% from the same period the year before and the worst result since the third quarter of 2014.

Sponsored Content

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

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more