U.S. Semiconductor Shock, High Exchange Rate Spark 'Black Monday' Fears - 조선일보

Recent turmoil in the U.S. semiconductor industry has sparked global fears of a 'Black Monday' event. The sharp decline in semiconductor stocks, particularly among leaders like NVIDIA, has significant... Read original →

The recent U.S. semiconductor selloff stems not from collapsing demand but from an AI-driven valuation bubble concentrated in 3nm and EUV nodes. Technically, any TSMC (Taiwan, China) capacity underutilization would delay HBM4 and CoWoS packaging advances, directly disrupting SK Hynix and Micron’s memory roadmaps. Compliance-wise, escalating U.S. export controls force AMD and NVIDIA to redesign AI chips, inflating R&D overhead by 15–20%. Strategically, Broadcom is pivoting to custom AI ASICs to lock in cloud hyperscalers, sidestepping the GPU arms race. Meanwhile, Korean firms face accelerated foreign outflows due to KRW strength, likely accelerating Southeast Asian fab diversification. Over the next 18 months, the sector will undergo deleveraging: capital shifts from pure AI hype toward assets with real-volume production and supply-chain resilience, making KOSPI semiconductor volatility a global sentiment barometer.