Bank of Korea warns AI slowdown could cut chip exports by up to $100 billion
Briefing by News4U · First published
Bank of Korea says a slowdown in U.S. AI spending could reduce Korea’s semiconductor exports by $50-100 billion and lower next year’s GDP growth by 0.4 percentage points.
Sina Finance reported that the Bank of Korea warned a slowdown in U.S. AI capital spending could cut Korea’s semiconductor exports by $50 billion to $100 billion next year. [1]
The central bank’s pessimistic scenario assumes a 10% drop in chip prices and projects Korea’s GDP growth would fall 0.4 percentage points while the current-account surplus would fall well below the previously forecast $430 billion for 2027. [1]
The report notes that the combined capital expenditure of Amazon, Google, Microsoft, Meta and Oracle is projected to rise from $40 billion last year to $80 billion this year and $110 billion next year, but highlights uncertainty in AI demand and memory-chip cycles. [1]
Sources
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Sina Finance · · Full text