Asia's chipmakers fall as Samsung sees worst quarterly profit in 8 years
Publishing timestamp: 2023-01-31 02:56:18
Summary
Samsung Electronics saw its worst profit decline since 2014, leading to losses in stocks of chipmakers in Asia. Despite the worsening economic conditions, Samsung Electronics said it expects demand to recover later this year. JPMorgan Private Bank and Yuanta Securities agreed that it may be time to buy chip stocks, citing data from World Semiconductor Trade Statistics.
Sentiment: MIXED
Tickers: 8035.T-JP, MU, 6857.T-JP, 2330-TW, 6723.T-JP, 6920.T-JP,
Keywords: taiwan semiconductor manufacturing co ltd, technology, world economy, renesas electronics corp, stock markets, micron technology inc, tokyo electron ltd, advantest corp, business news, lasertec corp,