South Korea reported that its national semiconductor production in September fell to a growth of 3% from an 11% increase in August, marking the first year-on-year decline in over a year. The shipment growth rate also dropped from 17% in August to just 0.7%.
Despite the slowdown, inventory levels indicate that stocks are still rapidly depleted, with a 41.5% year-on-year reduction in September. These figures suggest that the industry might be cooling off as demand for memory chips peaks.
Samsung Electronics earnings report revealed that its semiconductor division's operating profit fell short of market expectations, with the third quarter profits reaching only KRW 3.86 trillion (HK$21.7 billion), significantly below the anticipated KRW 6.7 trillion (HK$37.7 billion).
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