Samsung slashes capex, calls end to chip boom after record third quarter

Samsung Electronics Co Ltd slashed 2018 capex by more than a quarter on Wednesday and warned of lower profit until early next year, calling an end to a two-year boom in memory chips that fueled record third-quarter profit.

from Reuters: Technology News https://www.reuters.com/article/us-samsung-elec-results/samsung-slashes-capex-calls-end-to-chip-boom-after-record-third-quarter-idUSKCN1N431G?feedType=RSS&feedName=technologyNews
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