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Samsung Electronics warns of tough 2016

CEO tells staff to expect weak global growth and greater competition in New Year message

Samsung Electronics Co expects global economic growth to remain weak this year and urged employees to brainstorm ways to handle intensifying competition in an industry where software and platforms are eclipsing hardware.


SOUTH Korean tech giant Samsung Electronics Co Ltd said it expects a difficult business environment in 2016 due to weak global economic conditions and heightened competition in key businesses including memory chips and smartphones.

In a statement on Monday, Samsung said chief...