Tech rout intensifies as sell-off grips global stocks - CNBC

Global stocks fell sharply on Tuesday, with tech stocks leading the decline, particularly in Asia where the Kospi index dropped 10%. South Korean chipmaker SK Hynix and tech giant Samsung were key con... Read original →

This global semiconductor sell-off reflects an inevitable correction after AI-driven capex overheating. Technically, soaring costs of 3nm and EUV processes are rippling through the supply chain—equipment delays and yield issues have already pushed clients to defer HBM4 and CoWoS orders, directly hurting SK Hynix and TSMC (Taiwan, China). Tightening U.S.-Dutch-Japanese export controls impose dual compliance burdens on ASMI and peers, inflating supply chain redundancy costs. Strategically, Samsung may seize the dip to undercut memory pricing, while Intel accelerates asset divestitures to protect its IFS foundry ambitions. Over the next 12–24 months, only firms with advanced packaging integration and geopolitical neutrality will survive the shakeout. This pullback signals capital’s shift from 'AI hype' to 'AI execution.'