Samsung’s chip business was hit hard by U.S. ban on Huawei

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According to Reuters, Samsung Electronics is expected to release a preliminary look at its second-quarter earnings report this coming Friday. The numbers should show that the South Korean manufacturer was negatively affected by the U.S. ban that prevented Huawei from obtaining U.S. parts and software. Samsung’s shipments of memory chips to Huawei were down sharply during the three month period that covers April through June. This has led to a backup in supplies of Sammy’s DRAM and NAND chips forcing the manufacturer to cut prices in order to move its inventory. Since 67% of Samsung’s profit …

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