South Korean chip exports forecast to surge
By Reuters
Special to CNET News.com
May 1, 2000, 9:30 a.m. PT
SEOUL, South Korea--South Korea's semiconductor exports for the second quarter of this year are forecast to rise 28.4 percent year-to-year to $5.65 billion, the Ministry of Commerce, Industry and Energy said yesterday.
The ministry said in a statement that rising prices for 64-megabit dynamic random access memory (DRAM) chips would help the country's semiconductor exports.
The average price for 64-megabit DRAMs rose $6.57 per unit in April from $5.93 in March, the ministry said.
The country's semiconductor imports for the April-June period would jump 36.5 percent to $5.15 billion from a year ago, it said.
During the first quarter of this year, South Korea's exports of semiconductors totaled $5.43 billion, up 17.4 percent from the same period last year, the ministry said.
Semiconductor imports for the January-March period were $4.71 billion, up 22.6 percent from a year before, it said.
The ministry earlier said the country's semiconductor exports would reach $23.5 billion for all of 2000, against $20.27 billion for 1999.
Semiconductor exports accounted for 14.1 percent of the country's total exports of $143.69 billion in 1999, the ministry said. South Korea is the world's largest exporter of memory chips
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