Korean tech giants Samsung Electronics and SK Hynix are on course to post combined annual semiconductor sales of more than 100-trillion won or some 88 billion U.S. dollars this year.
Local brokerages say the firms are set for a record-breaking year due to increased demand for DRAM and NAND memory chips used in smartphones and computers.
This comes amid the industry's so-called 'super cycle' caused by the Fourth Industrial Revolution.
With Apple's iPhone X(ten) widely forecast to be a big seller, experts say higher demand for memory chips used in the device will lengthen the cycle.
However, it's likely the semiconductor industry may lose steam starting next year so analysts suggest the market players should seek new areas of growth.