US Tech Rout Sours Mood For Japan, South Korean Chip Stoc…

Asian semiconductor stocks experienced significant declines, mirroring losses in the tech sector on Wall Street. This downturn was sparked by concerns over potential overcapacity following Meta Platforms Inc.'s announcement of plans to offer access to AI computing power as a business venture.

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By Bloomberg News

July 2, 2026 at 2:53 AM UTC

Updated on July 2, 2026 at 7:48 AM UTC

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Asian semiconductor stocks tumbled on Thursday, tracking tech losses on Wall Street after Meta Platforms Inc.’s plan to develop a business that would sell access to AI computing power raised worries about overcapacity.

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US Tech Rout Sours Mood For Japan, South Korean Chip Stocks