Justin Denison, senior vice president of product strategy and marketing for Samsung Electronics America Inc., speaks during the Samsung Developers Conference in San Francisco, California, U.S. (Photographer: David Paul Morris/Bloomberg)

Samsung Profit Halves as Downturn Wallops Chips and Smartphones

(Bloomberg) -- Samsung Electronics Co.’s quarterly profit more than halved after a global industry downturn and trade tensions hammered demand for its chips and high-end smartphones.

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