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Bloomberg
Mounting concern over semiconductor demand is sending shudders through North Asia’s high-tech exporters, which historically serve as a bellwether for international economy.
South Korean behemoths Samsung Electronics and SK Hynix Inc. have signaled plans to dial back investment outlays, while across the East China Sea, the world’s biggest contract chipmaker Taiwan Semiconductor Manufacturing Co. indicated a similar expectation.
Fading tech demand highlights a darkening picture as Russia’s war on Ukraine and rising interest rates damp
activity.
In recent weeks, major chip manufacturers Micron Technology Inc Nvidia Corp, Intel Corp and Advanced Micro Devices Inc have warned of weaker export orders.