Samsung flags chip recovery, shrinking phone market amid coronavirus outbreak

SEOUL (Reuters) - Samsung Electronics Co Ltd said on Wednesday the coronavirus pandemic would hurt sales of smartphones and consumer electronics this year, while demand from data centres would fuel a recovery in memory chip markets. Chief Executive Kim Ki-nam said the coronavirus and U.S.-China trade disputes were casting a shadow over the outlook for the South Korean tech giant, whose Galaxy smartphones vie with Apple's iPhones for global dominance.“The global smartphone market was expected..