Business · 2026-10-18 · Morning briefing
South Korea forecasts chip boom to last until 2027
The global semiconductor boom will last until at least 2027, according to South Korea's finance minister, Lee Hyoung-Il. Speaking on Saturday at the IMF-World Bank annual meetings in Bangkok, Lee offered a confident outlook, stating that growth could be sustained "at least through next year". He attributed the longer-term optimism to a "very wide" gap between demand and supply, which expanding production has yet to close.
His forecast comes despite a sharp sell-off in semiconductor stocks this week. Shares in South Korean firms like SK Hynix and Seoul Semiconductor, as well as the US giant Nvidia, fell amid investor concerns over interest rate hikes and rising competition from Chinese companies.
Summary written by Cup of News with AI from the sources below. Check the originals for the full story.
Read the sources
- South Korean minister: Chip boom will last until 2027 — CNBC
- Semiconductor market to remain solid ‘at least through next year,’ South Korea finance minister says
- South Korea proposes record $597B 2027 budget to boost AI, chips
- Is Korea’s Memory Chip Boom Ending? Elon Musk Points to China
- South Korea Proposes $1.9B for Chips in Record 2027 Budget
Ten stories, twice a day. Calm, no notifications.
Get the appMore stories in this edition
- France sees 1,200 arrests as cost-of-living protests turn violent
- Indonesian fire haze triggers highest alert across Southeast Asia
- European diplomats attacked by Israeli settlers in West Bank
- US suspends Russia sanctions, drawing Ukrainian condemnation
- Fatalities confirmed after incident sparks fire at Canadian military base
- Guatemalan anti-corruption lawyer shot dead in capital
- Drug and chip makers among firms expanding in Hong Kong
- AI film startups with $2bn backing cluster in Culver City
- Stanford researcher designs novel viruses with AI