South Korea’s semiconductor production in November fell by the most since the global financial crisis, weighing on the nation’s industrial output and pointing to a further cooling of overseas demand for tech components as the world economy slows.
Chip production shrank for a fourth straight month, falling 15% from a year earlier for the largest drop since 2009, according to data released Thursday from the national statistics office. Overall industrial production contracted 3.7% from a year earlier for the biggest fall since the start of the pandemic.
