Samsung leads the way for chipmakers
The chip sector has focused its attention on Friday, following a trade report from South Korean electronics giant Samsung. The largest chip producer in the world came with preliminary figures, which showed that the profit was halved in the second quarter.
Samsung suffered from the trade war between the United States and China and saw the demand for its chips and its most expensive smartphones fall sharply. The operating profit is expected to amount to slightly more than 4.9 billion euros, including a substantial one-off gain. Excluding that windfall, that is lower than expected, according to an analyst from broker Meritz. The revenues were somewhat higher than expected.
Companies such as ASML listed in Amsterdam, STMicroelectronics, Siltronic, Aixtron, Infineon and Dialog Semi may follow to the Samsung trail.