Samsung confident of rebound after Q4 profit drops 34%

Share price falls 3% as coronavirus death toll hits 170 in China

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After a rocky fourth quarter, Samsung Electronics is optimistic about the year ahead.  © Reuters

KIM JAEWON, Nikkei staff writer

SEOUL -- Samsung Electronics is confident that demand from 5G and data centers will help its memory chip business bounce back this year after the company's overall operating profit tumbled by a third last quarter.

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