Samsung has narrowed its loss however which could indicate the start of a rebound for the semiconductor market.
Samsung is the world’s largest memory chip maker and its performance is a barometer for the entire sector.
Samsung said on Wednesday in its preliminary earning guidance for the third quarter that it expected operating profits to fall by 77% from a year ago, as the downturn in the chip market continued.
The South Korean tech giant said it expected an operating profit of 2.4 trillion won and sales of 67 trillion won __ a 12% year-on-year drop __ for the third quarter.
