From Intel to Samsung, global chipmakers are celebrating the beginning of the end of a semiconductor supply glut, but the outlook for demand from customers outside the artificial intelligence (AI) industry remains gloomy.
Both Samsung and SK Hynix said China’s reopening failed to live up to expectations that it would revive the smartphone market, and that they were extending production cuts of NAND memory chips, widely used in smartphones to store digital data. SK Hynix said demand for AI server memory had more than doubled in the second quarter compared to the first quarter.
