South Korea's Ministry of Economy and Finance reviewed the global semiconductor outlook and artificial intelligence (AI) policy risks at a meeting with industry and research experts. Participants assessed that growth prospects for AI and semiconductors remained intact over the medium and long term, with no clear signs that financial market concerns were translating into weaker AI investment or semiconductor demand. Major AI companies' substantial investments and future spending plans, together with the wider adoption of AI agents, supported expectations for further semiconductor demand. South Korean chipmakers' expanded use of supply agreements for the long term also underpinned expectations that demand would remain stable for the time being. Assistant Minister Kang Ki-ryong, who chaired the meeting, warned that uncertainty over AI industrial policy could persist following the U.S. midterm elections, potentially affecting domestic and international financial markets and the real economy. He outlined plans to maintain close exchanges with semiconductor experts and monitor global AI and semiconductor developments and major countries' AI policies.
South Korea's Ministry of Economy and Finance reviews semiconductor outlook as experts see stable demand
Experts at a meeting convened by South Korea's Ministry of Economy and Finance saw continued growth prospects for AI and semiconductors, with no clear evidence of weakening investment or demand. Major AI companies' spending plans and chipmakers' supply agreements supported expectations of stable demand. Assistant Minister Kang Ki-ryong highlighted AI policy uncertainty following the U.S. midterm elections and plans for close monitoring.