Asian chip stocks slide as China competition fears rattle AI trade

Asian semiconductor stocks tumbled on Tuesday, led by a sharp selloff in South Korea. Investors are questioning lofty valuations due to concerns over AI infrastructure financing and intensifying competition from China. Shares of memory-chip giants Samsung Electronics and SK Hynix plunged significantly, with declines reaching up to 13.4% and 14% respectively.

By Heekyong Yang SEOUL, July 28 (Reuters) - Asian semiconductor stocks tumbled on Tuesday, with South Korea leading the regional selloff, as investors questioned lofty valuations amid concerns over AI infrastructure financing and intensifying competition from China. Shares in memory-chip giants Samsung Electronics and SK Hynix plunged as much as 13.4% and 14%, respectively, amplifying the