Samsung Q4 profit growth slows as chip issues weigh
SEOUL, Jan 31 (Reuters) - Samsung Electronics 005930.KS reported fourth-quarter profit that rose 130% from a low base, confirming it had missed earlier estimates due to slowing memory chip demand and extra costs as it works towards providing high-end chips to Nvidia NVDA.O.
The world's largest memory chip maker said on Friday that operating profit rose to 6.5 trillion won ($4.49 billion) in October-December, up from 2.82 trillion won a year earlier when the memory chip industry was still struggling with its worst downturn in decades.
The profit was down 29% from the previous quarter.
Samsung's fourth-quarter operating profit was in line with the preliminary figure of 6.5 trillion won the company reported earlier this month.
($1 = 1,447.5200 won)
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