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South Korea’s Chipmakers See Boost to Earnings From Weaker Won

  • Currency has been worst-performer in Asia after Japanese yen
  • Concerns about slowdown in global chip demand still mounting

South Korean chipmakers have turned optimistic on profitability for the first time in more than a year as a rapidly weakening won offers a potential boost from overseas earnings.

The profitability outlook among chip exporters jumped to 112.6 for the current quarter from 77.7 in the previous one, a Korea International Trade Association survey showed Wednesday. Still, the overall business outlook slid to 112 from 114.3 as expectations for orders deteriorated.