The 'De-HBM' Trend Blowing Through Semiconductors [3-Minute Brief]

[At a Glance]
① Powell's Big Cut "Right Move for US Economy"
② BOK Deputy Governor "Greater Capacity to Focus on Domestic Inflation"
③ Growing Scale of Korea Zinc Management Dispute

MARKET INDEX : Year to date

- US New York Stock Exchange's three major indices all closed higher

- Investor sentiment recovers amid growing expectations for a soft landing of the US economy

- Dow Jones and S&P 500 hit all-time highs

Top3 NEWS

■ Powell's big rate hike "Right move for US economy"...Dismisses recession concerns

- Chairman Powell's FOMC press conference
- "US economy is in a good state"
- "Time to recalibrate policy"

■ BOK Deputy Governor: "US rate cuts increase domestic focus capacity on economy and inflation"

- Bank of Korea market situation review meeting
- Diagnosed start of US monetary policy shift
- "Expect easing of foreign exchange market volatility"

■ Money → Justification → Business circles → Politics... Expanding Goryeo Zinc management rights dispute

- 2 trillion KRW scale public tender 'war of money'
- Justification battle over 'investment breach of trust, market manipulation suspicions'
- Political backers step in with 'social responsibility'

Graphic News: The 'De-HBM' trend blowing in semiconductors

- New AI accelerators without HBM are scheduled to be released domestically and internationally one after another

- "HBM will lead for learning use over the next 10 years... Many attempts to lighten for inference use"

- HBM is a complex process with low cost efficiency... aiming to reduce price with alternatives

the Chart: Cosmetic ODM hitting 1 trillion KRW jackpot, second half variable is 'China'

- ODM companies Cosmax and Kolmar Korea both surpassed 1 trillion KRW in sales

- China's 'Guochao consumption' aiming to consume domestic brands has a negative impact

- If China's slump prolongs, the alternative is the North American market... efforts to expand client base

Terms in the News: AI, semiconductors, and North and South Korea are all in a 'chicken game'

- China's ByteDance promotes "Dubao Pro is 99% cheaper than GPT-4"

- Avoiding the handle is cowardice... Economics' 'madman strategy' and North Korea's 'brinkmanship tactics'

- Delivery platform industry also competing in free delivery services... entering customer battle

Today's Key Schedule

○Domestic

08:55 August trade balance

20th KOSDAQ Zenics subscription, public offering price 40,000 KRW

Gyeonggi Hangang Sujain of Set

Seoul Cheongdam Leel

Chungbuk Awesome Wave Yongsan

Gyeonggi Yangju Baekseok Moa Elga Grande

Gyeonggi Buk Suwon Imok District Dietre Deriche 1 (A4)

○Overseas 02:00 US 10-year TIPS Treasury auction

05:30 US Federal Reserve balance sheet

08:30 Japan August core consumer price index

12:00 Japan interest rate decision

15:00 UK August retail sales

15:00 Germany August producer price index

21:30 Canada July retail sales

◇Lunch & Commute Weather

○ Lowest temperature 26℃(0℃) ｜Highest temperature : 28℃(▼5℃)
○ Precipitation probability morning 90%｜afternoon 80%
○ Fine dust morning good｜afternoon good

OK in 3 minutes, essential time-efficient economic news. Published daily at 8 AM.