* Date : 2019-05-29
Korea is the world's no.1 memory chip provider with market share of over 70%. However, as the memory sector of the semiconductor industry has recently entered a downturn, the country is seeking a new breakthrough with non-memory semiconductors, also known as "system" semiconductors. In late April, the Moon Jae-in administration announced three new growth engines to improve the nation's economy with one of them being system semiconductors. In line with the government's announcement, Samsung Electronics also revealed its plan to invest 133 trillion Korean won (approx. US$112 billion) by 2030 to expand its non-memory and foundry business to take the top spot in the high-tech industry. So, what is the growth potential of system semiconductors?
This week, "The Chamber" delves deeper into system semiconductors, from its concept to uses, growth potential, economic benefits, and to the strategies for Korea to be a true, comprehensive semiconductor powerhouse.