Dovish Hawk' Kevin Warsh's First FOMC, Freezes Rates and Hints at Hike This Year | As AI Semiconductors Grow, 'Substrates' Become Important... "Expect Acceleration of Glass Substrates" | Ryu Jong-eun 3PRO TV Reporter [NEWS3]

Summary

The first FOMC under hawkish-leaning Chair Warsh freezes rates but hints at a rate hike later this year, causing market jitters while AI-driven semiconductor demand supports chip stocks. In AI packaging, glass substrates are gaining importance; TSMC's progress may accelerate adoption, benefiting Korean substrate makers and equipment supplier Abaco. The program also briefly covers Anthropic's Korea expansion and export control issues.

• Kevin Warsh's first FOMC kept rates at 3.5-3.75% but dot plot turned more hawkish, with nine members projecting a hike this year.
• The S&P/equities fell broadly, but the semiconductor index outperformed, reflecting strong AI-driven demand.
• Glass substrates are becoming critical for advanced AI chip packaging due to better thermal/electrical properties.
• TSMC is working with Japanese and Taiwanese partners on glass substrate commercialization, potentially accelerating industry adoption.
• Korean companies Samsung Electro-Mechanics, SKC, and LG Innotek are developing glass substrates and could benefit if they secure customers.
• Abaco's laser equipment addresses the TGV bottleneck, positioning it as a key enabler for glass substrate mass production.
• Anthropic establishes a Korean entity and expects resolution of US export controls on its models, which may boost AI adoption by Korean conglomerates.