Cho Mu-hyun is based in Seoul, South Korea and covers global tech conglomerates Samsung, LG and technology news in Asia. His English name is Joe and it rhymes with his last name.
The global COVID-19 pandemic is now affecting the tech powerhouses' supply chain outside of South Korea.
The company said its semiconductor business is also expected to grow, with the memory market beginning to stabilise.
Embattled mobile business continues to be in the red despite restructuring efforts.
For the whole of 2019, LG saw operating profits fall 10%, but did see a 30% boost in profits in the fourth quarter.
For the full year, Samsung is expecting to post an annual total operating profit drop of 53%.
Samsung is aiming to sell half a million of the foldable phones by the end of the year.
They will work together to lower power consumption and increase processing speed for browsers used in dual screen smartphones.
Samsung is shutting down its Linux on DeX projects after only 11 months.
The new technology is expected to either be applied onto the upcoming Galaxy S11 or the next generation of the Galaxy Fold.
Samsung POS will allow merchants to accept debit and credit payments by tapping contactless cards onto NFC-enabled devices.