Samsung Elec third quarter profit dives 56% as further chip prices declines weigh

SEOUL (Reuters) - Samsung Electronics Co Ltd reported a 56% fall in third-quarter operating profit on Thursday, reeling from chip price declines in the face of a prolonged industry downturn. The world's top maker of memory chips and smartphones said operating profit was 7.8 trillion won (£5.20 billion), slightly above the 7.7 trillion won estimate the company released earlier.

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