Chips’ inventory-to-sales ratio hits 26-yr high amid poor demand

Inventory of South Korean chipmakers has increased to a nearly 26-year high in January, data showed Sunday, reflecting the sluggish global demand amid the economic uncertainties.

The inventory-to-sales ratio of chips came to 265.7 per cent in January, the highest since 288.7 per cent posted in March 1997, according to the data compiled by Statistics Korea.