Samsung flags H2 recovery after record chip loss in Q1

Samsung Electronics predicts a moderate recovery for its chips in H2 of 2019 after it reported a record loss of $478.6m within its semiconductor business in Q1. Data centres will invest more conservatively in servers leading to a limited growth for memory chips in Q2. According to executive vice president of Samsung's memory business, Jaejune Kim, inventory levels are likely to decline during Q2. Demand for smartphones and servers have reduced due to rising inflation figures, which has in turn led to chip prices dropping by 70% over the past nine months.