The current situation of the memory chip market is not optimistic. Some research institutions predict that the prices of NAND flash memory and DRAM are both declining, and the market oversupply will intensify next year.
South Korea, which has two memory chip giants, Samsung Electronics and SK Hynix, is an important supplier of memory chips in the world. The decline in memory chip prices will inevitably affect the performance of Korean semiconductor manufacturers.
The Korean media also said in the report that in the case of a slowdown in the growth of the memory chip market, the decline in the price of memory chips will further deteriorate the operating conditions of Korean semiconductor manufacturers.
In addition, South Korean media also mentioned in the report that the decline in memory chip prices may also affect South Korea's overall exports.
South Korean media said in the report that semiconductors account for about 20% of South Korea's exports. The deterioration of market conditions this year and next year may affect South Korea's overall exports. In the first 20 days of this month, the export value of South Korean semiconductor products fell by 7.5% year-on-year to 6.27 billion US dollars, and the proportion of South Korea's overall exports also fell from 20.9% to 18.7%. A decline in semiconductor exports, coupled with rising energy prices, could put South Korea’s trade at its worst record this year, experts said.
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