Intel chief says White House will not meddle; Korea sees chip strength
· Tech · United States · South Korea
Intel's chief executive said the White House will not meddle in the company's semiconductor business, pushing back on concerns about political involvement in the US chipmaker's strategy. Separately, South Korea's finance minister said the semiconductor market should remain solid at least through next year, and that growth can last at least through 2027 as supply stays tight despite a global chip sell-off. The comments come as chip stocks have suffered a sharp recent decline, with investors questioning the durability of the AI-driven boom that has powered demand for advanced semiconductors.
Why it matters:Whether AI chip demand holds up, and how much governments shape chipmakers' strategies, will determine the outlook for the global semiconductor cycle.
Key points
- Intel's CEO said the White House will not interfere in its semiconductor business.
- South Korea's finance minister sees chip strength lasting at least through 2027.
- The remarks follow a global sell-off in chip stocks.
Sources (original reporting)
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