Kang Gi-ryong, the Deputy Minister of the Ministry of Economy and Finance, met with representatives from the semiconductor industry, research institutions, and experts on November 6 to review trends in artificial intelligence (AI) investment and the global semiconductor demand outlook.
During the meeting held at the Government Seoul Complex, Kang chaired a discussion with semiconductor experts, focusing on AI industry policies in major countries and the risks facing the global semiconductor sector.
Participants noted that domestic semiconductor companies are expanding long-term supply agreements (LTAs), suggesting that demand is expected to remain stable in the near term. They assessed that the long-term growth outlook for the AI and semiconductor industries remains valid, considering the large-scale investment plans of major AI companies and the increasing demand for semiconductors driven by the proliferation of agent AI.
Kang mentioned that uncertainties surrounding AI industry policies may persist following the U.S. midterm elections, potentially impacting both domestic and international financial markets and the real economy. He stated, "I will continue to maintain close communication with semiconductor experts and closely monitor the global AI and semiconductor industries as well as the AI policy trends in major countries."
* This article has been translated by AI.
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