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Samsung warns of tech gloom ahead; opens up chairman's seat to non-CEOs
Published Sun, Mar 13, 2016 · 09:50 PM
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Hong Kong
SAMSUNG Electronics Co warned of rising competition across businesses from smartphones to memory chips, again sounding a dour note for the global technology industry in 2016.
The world's largest smartphone vendor faces another difficult year after a 2015 plagued by economic turbulence and volatile exchange rates, chief executive officer Kwon Oh Hyun said in a letter to shareholders ahead of their annual meeting on Friday.
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