“While smartphone sales are sliding, Samsung’s chip business is powering its bottom line,” Robyn Mak writes for Reuters. “Future growth may depend more on components than on competing with the iPhone.”

“Still the world’s largest handset maker [by volume, not profit; not by a long shot – MDN Ed.], it is struggling for growth,” Mak writes. “Yet the high-margin semiconductor business is more than making up for the shortfall. Selling memory chips to rivals – including Apple – is likely to boost operating profit at the semiconductor division to 13.6 trillion won ($11.7 billion) this year, more than half the company’s total, estimate analysts at Maybank Kim Eng.”

Mak writes, “When it comes to judging Samsung’s future performance, Intel may be better benchmark than Apple.”

Read more in the full article here.

MacDailyNews Take: Go TSMC and GlobalFoundries, go!

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