JCET redirects Korean factories towards AI to counter weak smartphone growth

China's JCET is directing most of its increased capital spending towards advanced packaging, modules and testing while reorganising its two South Korean factories to meet AI infrastructure demand, as smartphone market growth stays weak.

• JCET is reorganising two South Korean factories for AI infrastructure demand
• Most of the increased capex goes to advanced packaging, modules and testing
• The shift follows weak growth in the smartphone market
• The company is betting on demand from AI data centers