The South Korea-based electronics giant estimated that its third-quarter operating profit fell to 10.8 trillion Korean won, down from 15.82 trillion Korean won in the same period last year, ahead of releasing its fully finalized quarterly report on Oct. 27. (The Logic)

Talking point: Samsung’s nearly 32 per cent profit drop comes as other chipmakers like Micron are also suffering, with chip prices falling as shortages ease, and demand for remote-work equipment and entertainment devices wanes. California-based chipmaker AMD warned after markets closed Thursday that its third-quarter revenue would likely be close to US$5.6 billion, less than the US$6.7 billion it previously forecasted, citing “reduced processor shipments due to a weaker-than-expected PC market” and computer supply-chain issues. Meanwhile, the White House said Friday it would restrict sales of chips to China amid growing geopolitical tensions over semiconductor supplies. Investors sold off other chip stocks including Intel, Nvidia and TSMC on Friday.