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Samsung's lower earnings due to decline of chip demand

Samsung Electronics is the world’s biggest mobile phone manufacturer and chipmaker. [Photo: Bloomberg]

Samsung Electronics Co has released its fourth-quarter earnings registering a decline as a result of a drop in demand for memory chips and increased marketing costs in its smartphone business.

The results which were released on January 8, indicates that the amount of Samsung’s operating profit anchoring its credit portfolio is in line with its Aa3 rating.

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