GO
| HSI1 | 23,094.83 | 0.00 | -- |
| HSCEI1 | 7,791.63 | 0.00 | -- |
| Back Zoom + Zoom - Block Traded | |
|
Bank of Korea: S Korea Chip Exports May Drop by USD100 billion if US Firms Slow AI Spending
2026-10-27 11:05:31 The Bank of Korea said that under a "pessimistic scenario", if major US technology companies slow AI capital expenditure next year and assuming S Korea semiconductor prices fall 10%, S Korea's semiconductor exports could decline by USD50 billion to USD100 billion from previous forecasts. The central bank said that if exports suddenly decrease under the scenario, it would drag down S Korea's GDP growth next year by about 0.4 ppts, as the current account surplus would be far below the central bank's forecast of USD430 billion for next year. The central bank said combined capital expenditure by five major US technology companies, including Amazon.com, Inc. (AMZN.US), Google, Microsoft Corporation (MSFT.US), Meta Platforms, Inc. (META.US) and Oracle Corporation (ORCL.US), has been growing rapidly, increasing from USD40 billion last year to an estimated USD80 billion this year, and is expected to reach USD110 billion next year. However, the central bank warned that considerable uncertainty remains over AI demand and the broader memory chip industry outlook. (mn/ad)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |