Chip manufacturing sector likely to enjoy longer-than-expected boom: report

Seoul, May 24: The growth cycle in the chipmaking sector could continue into the first half of next year and perhaps even longer, boosting the country’s exports, according to a report from the Bank of Korea on Friday.

The report said the global chip manufacturing sector rebounded early last year on the back of the artificial intelligence boom, and its growth cycle may last longer than expected.

Demand for semiconductors in the server, notebook and personal computer sectors may continue to grow, but supply may be relatively tight, Yonhap news agency reported.

“The growth cycle in the global chip manufacturing sector will help the country’s chip exports, which in turn will boost the country’s overall exports,” it said.