South Korea’s Chip Production Falls for First Time in 14 Months
- Latest industrial data add to concerns over Korean chips
- Samsung separately posts income that falls shy of expectations
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South Korea’s semiconductor production fell from a year earlier for the first time in more than a year, in another sign that a boom cycle fueled by artificial intelligence development worldwide may be starting to cool.
Nationwide semiconductor production slid 3% in September, a sharp reversal after they gained 11% a month earlier, according to data released Thursday by the government statistical office. The growth in shipments also slowed to 0.7% from 17% in August.