Korean Chip Stocks Sink on Chinese Rival Worry, Broadcom Remarks

Korean Chip Stocks Sink on Chinese Rival Worry, Broadcom Remarks

A global slide in semiconductor stocks deepened, sending South Korea’s chip-heavy equity benchmark down more than 7% at one point, as concerns about AI overheating and Chinese competition intensified.

The house is warning the gamblers: Broadcom’s Tan rattles chip stocks

Broadcom (NASDAQ: AVGO) CEO Hock Tan told a Singapore audience on October 12 that many AI investors behave like casino gamblers.  Tan’s comment helped drag Asian chip stocks lower on Tuesday. His own company, meanwhile, is arranging billions in loans so its customers can keep buying the chips he says they barely understand. What are investors out of the loop about? Broadcom’s CEO Hock Tan, speaking at an event in Singapore, said that investors h…

Chip Stocks Slide Across Asia After Hock Tan's Casino Remark Lands

South Korea's Kospi sank over 6% and Japan's Nikkei fell nearly 3% on October 13, with SK Hynix and Samsung hit hardest as Chinese rival CXMT's DRAM market share climbs toward 10%.