Chip foundries better insulated in an AI slowdown than Asia-Pacific tech peers, S&P says

As market fears mount over waning Big Tech spending and calls to slow down frontier artificial intelligence development, Asia-Pacific semiconductor foundries are better positioned to withstand a potential downturn in AI investment than other tech hardware firms in the region, according to S&P Global Ratings. In a report published on Thursday, the rating agency said it had stress tested four key Asia-Pacific sectors – foundries, memory manufacturers, cooling component suppliers and original...