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Bank of Korea warns country's chip exports could fall by up to $100 billion if AI spending slows
SEOUL: South Korea’s semiconductor exports could fall by $50 billion to $100 billion compared with earlier forecasts if capital spending on artificial intelligence by major US technology firms slows next year, according to central bank data. In a written response submitted to lawmaker Ahn Do-geol, the Bank of Korea (BOK) modelled a “pessimistic scenario” to assess the economic fallout if US tech giants curb their aggressive infrastructure outlays. Under the scenario, a sudden export shortfall would shave approximately 0.4 percentage point off South Korea’s gross domestic product (GDP) g...
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