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Samsung returns to chip unit for earnings amid phone slump

The company has said it would cut the number of smartphone models by as much as a third this year
Friday, January 9, 2015 - 05:50
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Attendees viewing Samsung's SUHD 4K televisions during the Consumer Electronics Show in Las Vegas on Tuesday. All the Web-connected models it sells in 2015 will run the Tizen operating system.

Seoul

SAMSUNG Electronics is relying on a 40-year-old memory-chip unit for earnings growth as sales of its Galaxy smartphones are eclipsed by Apple Inc and Xiaomi Corp.

Buoyant demand for semiconductors, including from competitors in the phone business, and a falling won helped