Semiconductor market to remain solid ‘at least through next year,’ South Korea finance minister says
South Korea's finance minister said semiconductor growth can last at least through 2027 as supply remains tight despite a global chip sell-off.
TL;DR
- South Korean finance minister Lee Hyoung-Il predicts the semiconductor boom will last at least through 2027.
- This optimistic outlook is based on the wide gap between semiconductor demand and supply, with supply still expanding.
- Recent declines in chip stocks, including South Korean and US giants, were driven by investor concerns about interest rates and competition.
- Despite market volatility caused by the semiconductor sector's significant economic share, South Korea's economy is considered 'solid'.
- An opinion column suggested preparing for a potential slowdown, with some experts forecasting an oversupply by 2029.
- The chip boom is contributing to increased tax revenue for South Korea, strengthening its fiscal position.