Shulou(Shulou.com)11/24 Report--

CTOnews.com May 29 news, according to South Korean media Digital Times reported that the latest report released by the Bank of Korea shows that South Korea's semiconductor exports have continued to decline since August last year, which fell 24.5% in the fourth quarter of last year, and fell 39.2% and 40.5% in the first quarter and April of this year respectively.

▲ According to the breakdown of the Bank of Korea, the decline of storage semiconductors is greater than that of non-storage semiconductors. By region, major exporters such as China, Vietnam and the United States have fallen sharply.

From the final flow of Korean semiconductors, the downstream demand dependence of related manufacturers on smartphones and servers is relatively high. From a regional perspective, the market dependence on the United States and China is relatively high. Specifically, 44% of semiconductor exports are concentrated in the smartphone sector, while servers account for 20.6%.

The Bank of Korea said that considering the demand structure of each region and recent market conditions, the future development of South Korea's domestic semiconductor industry may depend on whether China's smartphone consumption and US data industry investment can recover.

Although China's smartphone consumption was depressed last year due to the epidemic and other reasons, it is expected to recover gradually as China's market consumption recovers, according to the analysis. However, due to the continuous development of digitalization and AI services, it is expected that the investment in data industry represented by high-performance servers will still increase slightly.

The Bank of Korea also said that since South Korea's semiconductor economy fluctuates more than other countries, it needs to reduce the amplitude by strengthening the competitiveness of non-storage semiconductors and diversifying demand sources.

According to CTOnews.com previously reported, IDC statistics show that China's smartphone market shipped about 65.44 million units in the first quarter of 2023, down 11.8% year-on-year.

▲ Source IDC China

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