South Korea's Q1 GDP Surges on Chip Demand
South Korea's economy experienced its fastest growth in over five years during the first quarter, with GDP expanding by 1.7%. This surge was primarily driven by booming demand for AI-related chips.
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Nvidia supplier SK Hynix hails ‘structural shift’ after another record quarter
Second-largest memory chipmaker says customers prioritising procurement over pricing amid supply crunch
Read full article →SK Hynix posts record first-quarter profit, in line with estimates as memory prices climb
SK Hynix posted yet another quarter of record profit and revenue, as prices for its products continue to surge amid strong AI demand.
Read full article →Chip boom lifts Korea to fastest growth in 5 years
South Korea’s economy grew 1.7 percent in the first quarter, its fastest pace in over five years, powered by an AI-driven semiconductor boom, Bank of Korea data showed Thursday. The country's real gross domestic product — a key measure of economic performance — grew at its fastest pace in 5 1/2 years, since the third quarter of 2020, when exports surged after eased Covid-19 restrictions. On a year-on-year basis, growth came in at 3.6 percent. The latest figure far exceeded the BOK's February pro
By The Korea Herald
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