South Korea's production value for memory products, mainly DRAM and NAND flash chips, has been increasing for three consecutive quarters and reached KRW13.17 trillion (US$11.97 billion) in the fourth quarter of 2014, accounting for 57.1% of the worldwide value, according to Digitimes Research's latest findings.
DRAM chips accounted for the majority of Korea's production of memory products, with the ratio rising to 72.3% in the fourth quarter of 2014, buoyed in part by strong demand from the server and other industries.
For all of 2014, the production value of Korea's memory products reached KWR45.9 trillion, increasing 23.1% from a year earlier and accounting for 55.7% of the global market. Among memory products, DRAM chips totaled KWR32.6 trillion or 71%.
Affected by seasonal factors, Korea's shipments of memory chips is expected to drop significantly in the first quarter of 2015 despite strong demand from the SSD sector.
Meanwhile, price hikes for memory products will be limited in 2015 as most major players have not been ramping up their capacity aggressively, Digitimes Research noted.