South Korea’s Chip Stockpiles Shrink at Fastest Pace Since 2009
- Inventory falls 42.6% from a year in August, data show
- Data released amid questions over extent of chip rally
This article is for subscribers only.
South Korea’s semiconductor stockpiles dwindled at the fastest clip since 2009 last month in a sign of sustained demand for high-performance memory chips used in artificial intelligence development.
Inventories dropped 42.6% from a year earlier, a quicker pace than the 34.3% decline reported in July, according to data released by Statistics Korea on Monday. Production and shipments grew 10.3% and 16.1%, respectively, the data showed, in additional indications that the boom cycle endured through most of the third quarter.