South Korea Slashes Chip Production for First Time in Over Four Years
- Chipmakers brace for slowdown in worldwide electronics demand
- Inventories remain elevated as decline in shipments worsens
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South Korea’s semiconductor output fell for the first time in more than four years in a sign chipmakers are bracing for a slowdown in global demand.
Semiconductor production slid 1.7% in August from a year earlier, a sharp reversal from the 17.3% gain reported in July, Statistics Korea data showed Friday.