South Korea Minister Expects Chip Boom to Last Through 2027
Photo: TokenPost
South Korean Finance Minister Lee Hyoung-Il expects the semiconductor expansion to continue through 2027, citing demand that still outstrips supply as chipmakers add capacity. Lee gave the outlook Saturday during the annual meetings of the International Monetary Fund and World Bank in Bangkok. He said producers are increasing output, but demand remains well ahead of available chips. The forecast followed a difficult week for semiconductor shares. Investors weighed the possibility of higher interest rates and intensifying competition from Chinese companies. South Korean chipmakers SK Hynix and Seoul Semiconductor fell alongside U.S. company Nvidia.
Source: TokenPost
