HSBC economists say seasonally adjusted Asian electronics shipments have fallen sharply in recent months, including Taiwan, a key chip supplier. South Korean exports still expand, underpinned by firm advanced memory prices, but prices for other electronics in the AI-hardware supply chain have begun to soften. HSBC notes the AI-hardware-led export impulse boosting Asian export values is slowing; this is unsurprising as U.S. hyperscale cloud providers sharply raised spending earlier and capex grow

HSBC economists say seasonally adjusted Asian electronics shipments have fallen sharply in recent months, including Taiwan, a key chip supplier. South Korean exports still expand, underpinned by firm advanced memory prices, but prices for other electronics in the AI-hardware supply chain have begun to soften. HSBC notes the AI-hardware-led export impulse boosting Asian export values is slowing; this is unsurprising as U.S. hyperscale cloud providers sharply raised spending earlier and capex growth is likely to moderate after that rapid expansion.