Korean tech bluechips squeezed by higher costs and weak pricing
newscatcher
2022-08-18 10:30
Korean tech bluechips squeezed by higher costs and weak pricing
Televisions are displayed at a retail shop in Seoul. [NEWS1] Samsung Electronics and LG Electronics are dealing with a double whammy of rising costs and high inventory levels, a prelude to poor profitability. The electronics companies have experienced double-digit growth in the costs of parts and transportation as the prices of their products rose marginally or even declined in the first half, according to regulatory disclosures released by the companies on Wednesday. Samsung Electronics, the world's largest smartphone and television maker, is dealing with 58 percent increase on year in the purchase price of application processors, the primary chipset in smartphones, in the January-June period.

https://n.news.naver.com/mnews/article/640/0000027940?sid=105

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