BOK Warns Chip Exports Face $100B Drop
South Korea faces a potential economic setback if US tech giants reduce artificial intelligence spending. The central bank warns semiconductor exports could decline significantly.
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South Korea semiconductor exports could fall by $50 billion to $100 billion if artificial intelligence capital spending by major United States technology firms slows next year, the Bank of Korea said. The warning highlights vulnerabilities in South Korea's heavy reliance on chip shipments, which account for roughly half of its total exports. A sharp downturn would shave 0.4 percentage point off GDP growth next year, according to the central bank's pessimistic scenario.
