Bank of Korea warns country’s chip exports could fall by up to $100 billion if AI spending slows
The central bank said a 10% drop in chip prices and slower AI spending by major US tech firms could cut growth and shrink the current-account surplus.
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(Seoul = Yonhap News) Reporter Chae Sae-rom = As reliance on external funds and circular finance have expanded recently due to financing competition within the artificial intelligence (AI) industry, AI-induced financial risks and...
Bank of Korea warns country’s chip exports could fall by up to $100 billion if AI spending slows - Regional Media News
SEOUL, Oct 27 (Reuters) - South Korea's semiconductor exports could fall by $50 billion to $100 billion compared with earlier forecasts if capital spending on artificial intelligence by major US technology firms slows next year, according to central bank data. In a written response submitted [...]
Bank of Korea warns country’s chip exports could fall by up to $100 billion if AI spending slows
SEOUL, Oct 27 (Reuters) - South Korea's semiconductor exports could fall by $50 billion to $100 billion compared with earlier forecasts if capital spending on artificial intelligence by major US technology firms slows next year, according to central ...
In a written response to Democratic Party lawmaker Ahn Do-geol on Monday (October 26), the Bank of Korea stated that major U.S. tech companies will slow down their investments in artificial intelligence (AI) next year, potentially reducing South Korea's semiconductor exports by $50 billion to $100 billion compared to previous forecasts, which will impact the South Korean economy.
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