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Chip surge eases Samsung’s phone blues

Samsung expects its third-quarter profit to grow despite the impact of the Galaxy Note 7 recall. ||| Seoul - South Korea's Samsung Electronics expects third-quarter profit grew 5.6 percent, beating estimates, as a pickup in chip and display earnings likely offset the impact of a global smartphone recall that has roiled the tech giant. The world's biggest smartphone maker said in a brief filing on Friday its operating profit for July-September was likely 7.
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