Gelsinger’s canceled visit has South Korean industry concerned about marginalization in AI semiconductors

After delivering a keynote speech at Computex 2024, Intel CEO Pat Gelsinger was originally scheduled to visit South Korea on June 5 to attend Intel’s AI forum. However, recent reports indicate that Gelsinger has canceled his trip to South Korea, sparking concerns in the South Korean industry about the status disparity between the semiconductor industries of Taiwan and South Korea.

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Semiconductor foundry utilization rates seen higher than 80% in 2H24, thanks to AI boom

Driven by the Artificial Intelligence (AI) fervor, semiconductor foundry utilization rates are recovering worldwide. Industry sources in South Korea say that the average global semiconductor foundry utilization rate has recently reached around 75%, and they are optimistic that the average utilization rate will exceed 80% in the second half of 2024.

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