Wire · operational-macro
World shares are mixed, while South Korea's Kospi sinks nearly 11% on heavy selling of chipmakers
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Fusion42 · 28 July 2026 · Fusion42 review
South Korea's Kospi index plunged 10.8% on heavy selling of chipmaker stocks amid concerns that AI boom may be a bubble, exacerbated by reports of Chinese progress in DUV chipmaking equipment and a 466% jump in Chinese chipmaker CXMT's IPO. Samsung Electronics fell 13.4% and SK Hynix dropped 14.7%, while global chip stocks including Nvidia and AMD also declined sharply.
This Wire brief sits within Fusion42's coverage of Semiconductors. Wire is Fusion42's founder-focused intelligence feed: each story is connected to the funds and startups it names — every one with a live profile on Raise or Scout — so founders can follow the capital and the momentum behind the headline rather than just the headline itself. Wire analysis is one of the live surfaces Arthur reasons over.
◆ ◆ The Wire takeaway
Chip valuations are repricing on two real threats: Chinese DUV tooling now works at scale, and Chinese startups can raise $8.6bn in Shanghai when global memory makers struggle. If you sell into chip fabs or build for chip teams, your customers' capex budgets just got pressure from both directions.
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