Samsung to continue with chip investment, undeterred by 8-year-low profit

The share prices of Samsung and compatriot SK Hynix Inc fell 3 per cent and 2.2 per cent respectively on Tuesday

South Korea's Samsung Electronics Co on Tuesday indicated it has no plan to cut investment in chips this year, even as a weak global economy condemns the industry to its worst downturn in over a decade.

The guidance bucks a broader industry trend to scale back spending and output, fanning concern that the world's biggest memory chipmaker intends to draw on its deep pockets and superior profit margins to gain market share from smaller peers.

"Samsung might be seeing this time as a good opportunity to increase market share, which should help it in the long term, at the expense of SK