South Korea's chip inventory has drastically jumped since last year, according to the latest report.
Despite the global problems that are currently happening, such as the semiconductor shortage, COVID-19 pandemic, and Ukraine-Russia conflict, the country managed to keep up with the demand for its electronics products globally.
South Korea's Chip Stockpile Shoots Up
(Photo : Jorge Salvador from Unsplash)
South Korea sees a boom in its chip stockpiles amid tech concerns.
According to a report by Bloomberg on Thursday, June 30, the memory chip stockpiles in the country recorded a 53.4% improvement last month.
Previously, South Korea had managed to stay afloat in the chip business when it recorded a 54.1% gain in production. This took place following the gradual decline of its revenue.
Since October 2021, chip stockpiles have seen a year-on-year rise. This is a good indication that semiconductor manufacturers are keeping up with the supply and demand of the chips.
South Korea is responsible for supplying chips from various gadgets like smartphones and tablets to automobiles such as cars.
This year, the tech firms have been heavily challenged by many economic drawbacks that threaten the global market. South Korea defied these odds and continued to dominate the chip-making industry in the world.
Chip Production Sees Slow Growth
As per Statistics Korea, the May record of 8.9% is the first "single-digit" boost for the semiconductor shipments in South Korea since October 2019.
However, since February of last year, the chip plants' production gains have slowed to 24.3%.
South Korea relies on chip production. With that being said, many companies are stepping up to improve the rollout of the products to the consumers worldwide.
At the time when the semiconductor shipments slowed down, Samsung Electronics and other chip makers were affected by the tech meltdown. Their shares have previously plunged as a result.
Related Article: US Plans Alliance with Japan, Taiwan, and South Korea for Chip Supply: Seoul Rejects Proposal Having Billions Invested in China Chip Fabs
Samsung is Making a Name in Chip Sector
As per a report by The Verge, Samsung has begun to produce 3nm chips which it claims it comes with less power but high performance. According to the tech titan, it' is 45% more efficient compared to the old model, which uses a 5nm process.
It appears that Samsung is on its way to beating TSMC regarding the production of 3nm semiconductors. As of writing, the latter's production for the 3nm process might arrive in the second half of the year.
Eventually, this technology is expected to debut in mobile, as Samsung confirms. In the meantime, the manufacturing plant for the product will be located at Hwaseong. Pyeongtaek will be the next site for expansion.
There's another plant that Samsung plans to build in Texas. According to the report, it will be used to produce 3nm semiconductors. It will be ready for production in the next two years.
Read Also: Global Chip Shortage to Persist Until 2023--Demands for PC to Slightly 'Soften' in the Next Years
This article is owned by Tech Times
Written by Joseph Henry
