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Chip exports have plummeted for 7 months. South Korea is worried. The price of storage such as SSD must rise sharply.

via:快科技     time:2023/8/2 9:00:50     readed:208

August 2 news, the chip is an important support for South Korean exports to generate income, but this has been declining for 10 consecutive months, which makes them more and more restless.

South Korean exports fell 16.5 per cent in July from a year earlier to $50.33 billion, the tenth consecutive month of decline and the biggest drop since May 2020, according to data released by South Korea's Ministry of Industry, Trade and Resources on Tuesday.

South Korea's Ministry of Industry, Trade and Resources said the decline in exports in July was due to continued weak demand for semiconductors, weaker oil prices and a high base last year.

South Korea's chip exports fell 34% last month from a year earlier, according to data.

Imports fell 25.4 per cent in July from a year earlier to $48.71 billion, resulting in a trade surplus of $1.63 billion for the second month in a row.

In June, South Korea reported its first trade surplus in 16 months. Previously, the country suffered its longest trade deficit since 1997 between March 2022 and May 2023 because of high energy prices.

According to the industry chain,As storage is already the bottom of the cycle, superimposing the strong demand of upstream manufacturers to reduce production capacity and AI artificial intelligence, there will be a price rise in SSD and so on, which can be seen from the financial results already given by Samsung and SK Hynix, and the loss is slowing down.

芯片7月出口额同比下滑34% 韩国扛不住:三星、SK海力士要对存储大涨价

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