South Korean chip exports hit fastest growth since 1984
South Korean exports surged 53.2 percent in May as global demand for artificial intelligence chips reached record levels. While geopolitical tensions in the Middle East pushed Brent crude prices above 94 dollars per barrel, investor focus remains on new hardware unveilings from Nvidia and Samsung.
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South Korea exports rose 53.2% in May to $87.75B, the biggest percentage rise since January 1984. Record chip sales fueled by global AI demand drove the surge in Asia's fourth-largest economy.
