South Korean Chip Sector Fears Iran Crisis Could Disrupt Middle East AI Data Center Plans
Deep News
Mar 05
South Korean ruling party lawmaker Kim Young-bae stated on Thursday that the country's semiconductor industry is concerned that a prolonged crisis involving Iran could hinder major tech companies' plans to build artificial intelligence data centers in the Middle East, thereby weakening strong chip demand. Kim also noted that the industry is worried the Iran crisis may disrupt the supply of certain critical chipmaking materials, such as helium, sourced from the Middle East. These remarks were made following a meeting with executives from companies including Samsung Electronics, as well as business and trade associations.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.