South Korea is the world's leading producer of memory chips, especially memory, with Samsung and SK Hynix accounting for more than 70% of the global market share and the country's most profitable exports. However, exports in August posted their worst decline since 2019.
Data released by South Korea's Trade Ministry on Friday reportedly showed thatShipments of memory, or DRAM dynamic random access memory, which accounts for nearly half of South Korea's memory chip exports, fell 24.7 per cent in August from a year earlier, after falling 7 per cent in the previous month.
The slump in South Korea's memory exports is linked to a decline in global demand, not just for mobile phones but also for PCS and other industries in 2022, which will continue to decline for several quarters and is not expected to recover until 2024.
Semiconductor industry research firm IC Insights released its 2021 report on the global DRAM memory market, which surged 42% last year to reach $96.1 billion and is expected to easily cross the $100 billion mark in 2022.
The combined share of the two South Korean firms reached 71.3%, a crushing lead over other manufacturers,It has not only a large production capacity and high output value, but also the most advanced technology level. Samsung mass-produced memory chips with 14nm EUV process last year, and SK Hynix has also mass-produced memory chips with 1A nm process, including the latest DDR5 memory. Meanwhile, it is actively purchasing EUV lithography machines.