1. South Korea’s Chip Inventory Drops 42.6% in August 2024
In August 2024, South Korea’s semiconductor inventories saw the sharpest decline since 2009, down 42.6% year-on-year, due to surging demand for high-performance memory chips used in AI development. This is a sharper decline than the 34.3% drop reported in July 2024, according to data from Statistics Korea. Chip output and shipments increased 10.3% and 16.1%, respectively, showing that the semiconductor industry boom lasted for most of the third quarter. The data shows continued growth in the sector, which is vital to South Korea’s trade-dependent economy, where memory chips are a major contributor. Samsung Electronics and SK Hynix, two of the country’s top performers, have played a central role in the trend. South Korea is set to release export data for September 2024, including semiconductor shipments, which could provide further insight into the market situation.
2. Thailand invests $350 million in first SiC plant, scheduled to open in 2027
In August 2024, South Korea’s semiconductor inventories saw the sharpest decline since 2009, down 42.6% year-on-year, due to surging demand for high-performance memory chips used in AI development. This is a sharper decline than the 34.3% drop reported in July 2024, according to data from Statistics Korea. Chip output and shipments increased 10.3% and 16.1%, respectively, showing that the semiconductor industry boom lasted for most of the third quarter. The data shows continued growth in the sector, which is vital to South Korea’s trade-dependent economy, where memory chips are a major contributor. Samsung Electronics and SK Hynix, two of the country’s top performers, have played a central role in the trend. South Korea is set to release export data for September 2024, including semiconductor shipments, which could provide further insight into the market situation.
See also: South Korea’s chip inventory decreased by 42.6% in August.2024
