City
Epaper

Chipmaking sector likely to enjoy longer-than-expected boom: Report

By IANS | Updated: May 24, 2024 14:35 IST

Seoul, May 24 The chipmaking sector's upside cycle may last into the first half of next year and ...

Open in App

Seoul, May 24 The chipmaking sector's upside cycle may last into the first half of next year and possibly beyond that time, giving a boost to the country's exports, a report from the Bank of Korea said on Friday.

The global chipmaking sector rebounded early last year on the back of a boom in artificial intelligence, and its rising cycle may last longer than expected, the report said.

Demand for semiconductors may continue to increase from the server, mobile and personal computer sectors, but supply may be relatively limited, it said, reports Yonhap news agency.

"The global chipmaking sector's upside cycle will help the country's exports of chips, which in turn will boost the country's overall exports," it said.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

Entertainment"It was a big thing for me...Shah Rukh Khan ne apni gadi chalane ko di": Tiku Talsania recalls his fond memories with SRK

InternationalCanadian, US leaders agree to meet in near future

InternationalUS urges India, Pak to 'not escalate' tensions

InternationalPiyush Goyal meets UK Foreign Secretary David Lammy in London

InternationalUN Chief calls EAM Jaishankar and Pak PM; strongly condemns Pahalgam terror attack

Business Realted Stories

BusinessMicrosoft founder Bill Gates Praises India's Namo Drone Didi Program

BusinessPSA launches landmark report on evaluation of public funded R&D institutions

BusinessMinistry of Labour & Employment signs MoU with Rapido for strengthening employment linkages in logistics sector

BusinessAce Estate Announces Pre-Launch of Sanctioned Dam View Project in Lonavala: A Promising Investment Opportunity for Second Home Buyers

BusinessCould Punjab’s Youth Restore State’s Potential and Enhance Its Prestige?