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Korea's Non-storage Semiconductor Market Share Was 3.3%

Update time : 2023-09-05 17:51:15

According to BusinessKorea, the Korea Institute of Industrial Economics and Trade (KIET) revealed in its latest report "Global Non-Storage Semiconductor Market Landscape and Policy Implications" that Korea's market share in the global non-storage semiconductor sector in 2022 will be only 3.3% %, which is only one-third of that of Japan.
The global non-storage semiconductor market totaled KRW 593 trillion in 2022, the report said. Market share by country/region: U.S. (KRW 323 trillion 54.5%); Europe (KRW 70 trillion, 11.8%); Taiwan, China (KRW 61 trillion, 10.3%); Japan (KRW 55 trillion, 9.2%); Mainland China (KRW 39 trillion, 6.5%); South Korea (KRW 20 trillion, 3.3%).
The report noted that South Korea's non-storage semiconductor sales amounted to $151 billion (about 20 trillion won) in 2022, with Samsung Electronics taking the largest share at $112 billion (73.9%). It was followed by LX Semicon with $17 billion (11.2 percent) and SK Hynix with $890 million (5.9 percent).
Separately, according to data released by South Korea's Ministry of Industry, Trade and Resources (MOTIE) on Friday (4), exports in August this year amounted to $51.9 billion, a year-on-year decline of 8.4 percent. Since last October, exports have been on a downward trend for 11 consecutive months, down 5.8%.
According to South Korea's Ministry of Industry, Trade and Resources (MOTIE) and other relevant organizations on September 1 data, exports in August this year was 51.9 billion U.S. dollars, down 8.4% year-on-year. Since October last year, exports for 11 consecutive months was a downward trend, down 5.8%.
Among them, South Korea's semiconductor exports reached $8.56 billion in August. Although compared with last year's decline of 20.6%, but compared with the previous month increased by 15%. This indicates a trend of bottoming out. Semiconductor exports averaged $6.9 billion per month in the first quarter, $7.5 billion per month in the second quarter, and $8 billion per month in July and August.

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