Last year, it was found that Korea’s semiconductor exports recorded the second export performance in history despite the economic downturn caused by Corona 19.
According to the Ministry of Trade, Industry and Energy on the 5th, Korea’s semiconductor exports increased 5.6% year-on-year to 99.2 billion dollars (approximately 108 trillion won), breaking the record for the second time in export performance.
The Ministry of Industry said, “In the global economic downturn caused by Corona 19, the semiconductor industry is evaluated to have played a supporting role in the Korean economy, led by export recovery.” · It is estimated that it has made a good stride with solid demand in the notebook sector. Even in the case of mobile demand, demand has recovered from the second half of the year due to the rise of 5G and competition to secure smartphone market share in the Chinese market.
In fact, according to market research firm DRAM Exchange, the fixed price of memory semiconductors (DRAM, NAND flash) last year peaked at the end of the second quarter and continued to decline until the second half of the year.
On the other hand, system semiconductor exports recorded a record high of $30.3 billion last year, becoming the fifth-largest export item beyond steel and petroleum products. This is because the increase in non-face-to-face economic activity due to the spread of Corona 19 has led to an increase in demand for system semiconductors such as 5G communication chipsets and image sensors, and accordingly, the demand for foundry consignment has also increased.
The Ministry of Industry predicted that semiconductor exports will increase further this year as demand in the system semiconductor market continues to expand and the memory semiconductor market recovers.
An official from the Ministry of Industry said, “Semiconductor exports in 2021 are expected to increase by 10.2% compared to 2020, with a forecast of 1075~11 billion dollars, which is the second ever to record more than 100 billion dollars, and the second largest export performance is expected to be renewed in one year.” As for memory, exports are projected to increase by 12.0% to $70.3 to $72.9 billion, mainly for DRAM, which is expected to increase in price. System semiconductors are projected to increase by 7.0% to 318~ due to increased demand for 5G communication chipsets and image sensors and acquisition of large foundry customers It is expected to be 33 billion dollars,” he said.
The market outlook is similar. According to market research firms Omdia and Gartner, and the World Semiconductor Trade Statistics Organization (WSTS), the semiconductor market this year is expected to reach $477.5 billion, an increase of 8.7% from last year.
In particular, the memory semiconductor market is expected to reach $141.7 billion, an increase of 15.5% over the same period, as demand increases across the finished product industry due to the increased launch of 5G smartphones and increased non-face-to-face economic activity.
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Industry Minister Sung Yun-mo said, “Despite last year’s Corona 19 and Huawei sanctions, the semiconductor industry took the lead in the recovery of exports and played a supporting role in the Korean economy. This year, semiconductors will restore vitality and exports of the Korean economy, including exports and investments. It will drive the positive transformation and serve as a driving force for the successful promotion of the Korean New Deal and the acceleration of digital transformation.”
Following “system semiconductor vision and strategy (announced in April 2019) and artificial intelligence semiconductor industry development strategy (announced in October 2020) in a timely manner, and as a result, last year, system semiconductors achieved record-breaking exports of 30.3 billion dollars. And surpassing steel and petroleum products and becoming one of the top five export items.” I won’t,” he added.