According to Yonhap News Agency, a data released by the Korean Ministry of Industry, Trade and Energy and the Semiconductor Association on the 5th showed that South Korean semiconductor exports in 2020 increased by 5.6% year-on-year to 99.2 billion US dollars. At the same time, it is predicted that South Korea's semiconductor exports this year are expected to increase by 10.2% year-on-year, reaching 109.3 billion US dollars.

The data shows that the warming of the non-contact economy has stimulated the growth of demand for servers and laptops, which to some extent offset the adverse effects of factors such as the new crown epidemic, US sanctions on Huawei, and sluggish demand for mobile devices, and promoted last year's semiconductor exports to 2018. It was the second highest in history after the year (126.7 billion US dollars).

In particular, driven by favorable factors such as the increase in foundry orders and the increase in demand for 5G equipment chips, system semiconductor exports last year reached 30.3 billion U.S. dollars, setting a record high and becoming South Korea’s fifth largest export item.

Local research institutions predict that South Korea’s semiconductor exports this year are expected to reach the level of US$1,075-111 billion, an increase of 10.2% year-on-year, and will once again exceed the US$100 billion mark after 2018. Among them, the export value of memory chips and system semiconductors is expected to reach USD 70.3-72.9 billion and USD 31.8-33 billion, respectively, up 12% and 7% year-on-year.

In addition, according to the International Semiconductor Industry Association (SEMI), South Korea’s investment in semiconductor manufacturing equipment in 2021 may reach 18.9 billion U.S. dollars. A throne.

According to the analysis of relevant persons from the Ministry of Industry, with the expansion of the 5G market and the scale of the housing economy, the demand for upstream industries such as smartphones, servers, and computers has increased, which has promoted the development of the semiconductor market.