Samsung Electronics is planning to offer full refunds or exchanges to customers who purchased its computers with a flawed Intel chipset. The Korean electronics maker Tuesday said the chips were used in five PC lines it sells in Korea and one in the U.S., according to a Wall Street Journal report.

Samsung doesn't expect the refunds to lead to a financial hit on its business, as Intel has said it will make good on any refunds or maintenance support costs that its computer maker customers must bear as a result of its flawed chipset.

For Intel (INTC), however, revenue from the sales of its recently released Intel 6 Series chipset, code named Cougar Point, was expected to fall by $300 million in the first quarter, as it halts shipments and faces a lag time before the new and improved 6 Series chipsets reach full production in April.


Increase your money and finance knowledge from home

What is Inflation?

Why do prices go up?

View Course »

Basics Of The Stock Market

Stock Market 101 - everything you need to know but were afraid to ask!

View Course »

Add a Comment

*0 / 3000 Character Maximum