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Technology Stocks : Lam Research (LRCX, NASDAQ): To the Insiders
LRCX 143.23-2.9%Nov 18 3:59 PM EST

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To: Cary Salsberg who wrote (3943)2/10/2000 1:16:00 PM
From: Proud_Infidel  Read Replies (2) of 5867
 
Korean gov't reports chip exports to surpass $23B in 2000
By Jack Robertson
Electronic Buyers' News
(02/10/00, 10:41:53 AM EDT)

South Korean semiconductor exports are expected to hit a record $23.5 billion this year, surpassing the old mark of $22.1 billion reached in 1995, according to government estimates.

The Ministry of Commerce, Industry, and Energy said chip exports from the country in 1999 totaled $20.3 billion, after falling to $17 billion in 1998 due to the precipitous decline in global DRAM prices.

The ministry estimated that semiconductor imports into Korea last year were $16 billion, up 33% over the previous year. Officials attributed the sharp rise in imports to heavy demand for microprocessors and chips for telecommunications applications. Imports of flash memory and SDRAM almost tripled to $800 million, as domestic manufacturers were unable to meet demand coming from Korean OEMs.
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