Samsung Elec Q4 profit jumps as record chip earnings mask Note 7 failure

Samsung Electronics Co Ltd on Tuesday said fourth-quarter operating profit jumped 50 percent to its highest in over three years, as record earnings in its chips business masked the negative impact of its failed Note 7 phones. Samsung also said it plans to buy back 9.3 trillion won worth of shares this year. Samsung expected earnings to decline in the current quarter from the preceding quarter because of "increased marketing expenses in the mobile business and a sales decrease of TVs due to weak