South Korea's economy outpaces forecasts on strong demand for chips
South Korea's economic growth came in above expectations, with demand for semiconductors tied to the AI boom driving the expansion.
AI illustrationSouth Korea's economy expanded faster than forecasts had expected, as strong demand for semiconductors linked to the AI boom lifted output, news organisations reported.
Growth reportedly reached 3.4 percent year-on-year. The figure was reported to cover the third quarter.
Analysts reportedly warned that the country's heavy dependence on the chip industry leaves it exposed if global spending on AI slows.