According to Yonhap News Agency, a data released by the Korean Ministry of Trade, Industry and Energy and the Semiconductor Association on January 5 showed that South Korean semiconductor exports in 2020 increased by 5.6% year-on-year to 99.2 billion US dollars. At the same time, it is predicted that South Korea's semiconductor exports in 2021 are expected to increase by 10.2% year-on-year to 109.3 billion US dollars.
The data shows that the warming of the non-contact economy has driven the growth of demand for servers and laptops, which to some extent offset the adverse effects of the new crown epidemic, US sanctions on Huawei, and sluggish demand for mobile devices, and promote the continued export of semiconductors in 2020. After 2018 (126.7 billion US dollars), it hit the second highest in history.
In particular, driven by favorable factors such as the increase in foundry orders and the increase in demand for 5G equipment chips, system semiconductor exports in 2020 reached 30.3 billion U.S. dollars, setting a record high and becoming South Korea's fifth largest export item.
Is expected to become the world's largest semiconductor equipment market again
South Korean analysis agency predicts that South Korea’s semiconductor exports this year are expected to reach US$107.5 billion to US$111 billion, an increase of 10.2% year-on-year, and will once again exceed the US$100 billion mark after 2018. Among them, the export value of memory chips and system semiconductors is expected to reach 70.3 billion-72.9 billion US dollars and 31.8 billion-33 billion US dollars, respectively, an increase of 12% and 7% year-on-year.
In addition, according to the International Semiconductor Industry Association (SEMI) forecast, South Korea’s investment in semiconductor manufacturing equipment in 2021 may reach 18.9 billion U.S. dollars, which is expected to surpass Mainland China (16.8 billion U.S. dollars) and Taiwan China (15.6 billion U.S. dollars) to regain the world's No. A throne.
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