The South Korean central bank stated that the global semiconductor market will keep growing for a long time thanks to the artificial intelligence (AI) boom, despite recent technology stock selloffs.
"While semiconductor demand has surged significantly due to investments in AI infrastructure, the pace of supply expansion has been slow," Yonhap wrote, citing a Bank of Korea (BOK) report. "The global semiconductor market is expected to continue its expansionary trend for a considerable period," the report added.
Even though tech giants like Samsung Electronics and SK Hynix recently saw their stock prices drop amid supply fears, major global investment banks agree that the semiconductor market will remain strong well into next year.
https://breakingthenews.net/Article/Bank-of-Korea-dismisses-chip-peak-concerns/66680546
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