South Korea's chip exports are still declining, falling 41.2% in the first 10 days of March compared with the same period last year.
March 13 news, according to foreign media reports, although the popularity of artificial intelligence chat robots such as ChatGPT has pushed up the demand for high-bandwidth memory, bringing new development opportunities for Samsung Electronics and SK Hynix, the two major Korean memory chip manufacturers, but according to foreign media reports, the boost to South Korea's chip industry from the ChatGPT fire is still limited, not enough to offset the decline in consumer electronics products on the impact of reduced demand for memory chips. Chip exports are still falling sharply from a year earlier.
The latest figures show that South Korean chip exports fell to $2.26 billion in the first 10 days of March, down 41.2 per cent from a year earlier.
South Korea, which owns Samsung Electronics and SK Hynix, is an important supplier of memory chips in the world, but fluctuations in global demand will also directly affect the export of their chips. Foreign media mentioned in the report that South Korea's chip exports fell sharply in the first 10 days of March compared with the same period last year, which was affected by the decline in global demand.
Semiconductor products such as chips also account for a considerable proportion of South Korea's overall exports, which remain at about 20% all the year round, and chip exports have fallen sharply, which is bound to pull down South Korea's overall exports.
Foreign media also mentioned in the report that due to the sharp decline in chip exports, South Korea's overall exports also declined in the first 10 days of March, falling to 15.8 billion US dollars from 18.8 billion US dollars in the same period last year, down 16.2 per cent from the same period last year.
If exports of south Korean semiconductors do not improve in the remaining 21 days of march, they may continue the decline of more than 40 per cent in February from a year earlier. In February, South Korean semiconductor exports were $5.96 billion, down from $10.37 billion in the same period last year and down 42.5 per cent from a year earlier.
