Samsung operating profit falls 34% but beats analyst estimates

Samsung Electronics has projected a fifth straight quarterly decline in profit but that guidance was better than expectations, with analysts forecasting a rebound this year in the memory chip market as the rollout of 5G smartphones and new data centres boost demand. After a decline lasting more than a year, the global memory chip industry is showing signs of recovery as concerns ease over the trade war between the US and China, which hurt demand for tech products. Server customers are also ramping up orders for chips as they expand data centres for...