Korea’s Chip Output Falls Most Since Global Financial Crisis
- Chipmakers brace for weak global demand amid oversupply
- Contraction weighs on nation’s overall industrial activity
This article is for subscribers only.
South Korea’s semiconductor production in November fell by the most since the global financial crisis, weighing on the nation’s industrial output and pointing to a further cooling of overseas demand for tech components as the world economy slows.
Chip production shrank for a fourth straight month, falling 15% from a year earlier for the largest drop since 2009, according to data released Thursday from the national statistics office. Overall industrial production contracted 3.7% from a year earlier for the biggest fall since the start of the pandemic.