U.S.-China tensions could challenge South Korea’s AI growth

South Korea is one of the only economies in the world seeing a productivity boost from artificial intelligence, but U.S.-China tensions over chips could be a challenge to its growth, Bank of America analysts said.

The semiconductor industry accounts for 17% of South Korea’s exports, and the country “has been the largest beneficiary of the AI boom, with exports up over 50%” year-over-year, according to a Bank of America Global Research report. In the long-term, analysts said they think South…