South Korea's semiconductor chip exports fell again after 26 months

South Korea, which has two major memory chip manufacturers, Samsung Electronics and SK Hynix, is an important supplier of semiconductor products in the world. The proportion is about 20%. In the context of falling chip prices and a sluggish end market, South Korean semiconductor exports have also been affected.

South Korea's Ministry of Trade, Industry, and Energy announced that sales of South Korean semiconductors overseas fell to $10.78 billion in August, down 7.8 percent year-on-year, due to the global economic slowdown, reduced demand, and falling prices.

According to reports from Korean media, August was the export value of South Korean semiconductors, which fell again year-on-year after a lapse of 26 months. 

South Korea's export of semiconductor products fell year-on-year in August, and it appeared at the end of last month. South Korean media reported earlier, citing data from the Korea Customs Service, that in the first 20 days of August, the export of information and communication technology products, including semiconductors and wireless communication products, fell significantly year-on-year, of which 6.27 billion semiconductor products were exported in the first 20 days. USD, down 7.5% year-on-year.

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