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S. Korea overtakes Japan in global market share for semiconductors

All Headlines 15:20 January 20, 2014

SEJONG, Jan. 20 (Yonhap) -- South Korea is believed to have overtaken Japan in terms of global market share for semiconductors last year, the government said Monday.

The combined output of South Korean manufacturers of semiconductors is estimated to have surged 16 percent from a year earlier to about US$50.06 billion in 2013, according to the Ministry of Trade, Industry and Energy.

The amount accounts for 15.8 percent of total global supply, the second largest after the United States' estimated 52.4 percent, the ministry said, citing related data from the Korea Semiconductor Industry Association.

Japan followed South Korea with an estimated global market share of 13.9 percent.

The figures, if officially confirmed, would mark the first time that South Korea's global market share surpassed that of Japan, the ministry noted. Final figures for the fourth quarter of 2013 are due in February.

"Such an outcome is believed to have been possible as South Korea's production of semiconductors, including system-on-chips, continued to grow while Japan failed to meet market demands for new products, such as semiconductors for mobile devices," the ministry said in a press release.

The ministry emphasized, however, that the country has more to do in developing its semiconductor industry, noting only 20.6 percent of manufacturing equipment used in the industry was locally produced in 2012.

bdk@yna.co.kr
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