Global Chip Sales Record First Fall Since 2020 in Blow to Korea
- Korea’s chip production declines further as demand softens
- Chip inventory remains elevated and Samsung warns of slump
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Global chip sales contracted for the first time since early 2020, in a blow to South Korea’s economy which is highly geared to the industry and struggling to adjust to weaker demand.
Worldwide sales of semiconductors declined 3% in September from a year earlier, according to data from the Washington-based Semiconductor Industry Association. In the same month, Korean chipmakers manufactured 3.5% less than a year earlier, deteriorating from a 0.1% fall in August, the national statistics office said separately on Monday.