South Korean semiconductor inventories hit record low amid AI boom

The South Korean National Statistical Office announced that semiconductor inventories in Aug. saw a year-on-year decrease of 42.6%, a drop sharper than July's 34.3%, marking the fastest decline since 2009.

Data also showed that production and shipments increased by 10.3% and 16.1%, respectively, indicating that the chip industry remained in a boom for most of the third quarter.

According to Bloomberg, this reflects a continued strong demand for high-performance memory chips needed for the development of artificial intelligence.

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