Market response to Samsung's outlook was immediate, with a 1.6% surge in its shares during morning trading, surpassing the benchmark index's modest 0.5% uptick.
Samsung has been seeing declines in profits for the first time in almost three years. Samsung has reported a drop in profits for its third quarter, according to CNET.
Samsung will respond to the uncertainty by "flexible" deployment of short-term capital expenditure and disciplined supply of chips to fit demand, Jin-man Han, executive vice president at Samsung's memory chip business, said.