According to data from the Bank of Korea, if major U.S. tech companies slow their capital spending in artificial intelligence next year, South Korea’s semiconductor exports could fall by $50 billion to $100 billion compared to previous forecasts. In a written response to Lawmaker Ahn Do-geol, the Bank of Korea constructed a “pessimistic scenario” to assess the impact on the South Korean economy should U.S. tech giants reduce their massive infrastructure investments. (Sina Finance)
