WS #11581
Samsung's record quarterly profit triggered a massive tech selloff in Asia, with KOSPI plunging over 5% triggering circuit breakers, Samsung -6.9%, SK Hynix -6.5%, spreading to Nikkei -2.4% and Taiwan -1.8%, as investors reassess AI valuations. Synopsys informed over 10 chipmakers about 'end of life' for its manufacturing process control software suite, shifting resources to highest-value products, potentially disrupting semiconductor supply chains.
Asian Tech Selloff - Samsung Record Profit Triggers Profit-Taking
Samsung's record quarterly profit triggered a massive tech selloff in Asia, with KOSPI plunging over 5% triggering circuit breakers, Samsung -6.9%, SK Hynix -6.5%, spreading to Nikkei -2.4% and Taiwan -1.8%, as investors reassess AI valuations.
Synopsys informed over 10 chipmakers about 'end of life' for its manufacturing process control software suite, shifting resources to highest-value products, potentially disrupting semiconductor supply chains.