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To: tech101 who wrote (295)	7/13/1999 1:25:00 PM
From: tech101	Respond to of 1056

South Korean chip exports said to be beating earlier predictions A service of Semiconductor Business News, CMP Media Inc. Story posted 11:30 a.m. EST/8:30 a.m., PST, 7/13/99 204.247.196.14 SEOUL-Despite the latest collapse in DRAM prices, South Korea is now expected to beat the forecasts on chip exports this year. A senior official at the Korean Semiconductor Industry Association told Reuters today that brisk global demand should raise this year's exports past the targeted $18.2 billion. He didn't say how much, but the earlier forecast would have resulted in a 7% increase over last year's $17.02 billion in chip exports. "DRAM prices have fallen rapidly but demand was also growing sharply, along with shipments by our makers," Choi Hye-bum, chief of the KSIA's research division, told Reuters. "In the past, falling prices led to a sharp drop in export value" he noted, "but this year demand and shipments are growing at a similar pace, keeping the export value rising." For the first half of 1999, Korea's total semiconductor exports totaled $9 billion, up 12% from about $8 billion last year, he estimated. Choi was optimistic about next year. He predicted that the global DRAM market will show a balance in supply and demand in the first half of next year with a shortage developing in the second half. South Korean makers presently account for nearly 40% of global DRAM sales.