The production value of South Korea's memory chip industry is expected to increase about 5% sequentially in the second quarter of 2016, according Digitimes Research. Demand for smartphones and other mobile devices is picking up, but chip prices continue to fall.
The production value of memory chips, including DRAM and NAND flash, in Korea slipped below KRW11.50 trillion (US$9.66 billion) in the first quarter of 2016, due to poor end-market demand as well as falling chip prices, said Digitimes Research. Despite a recent pick-up in demand, prices, particularly prices for DRAM, continue to slide limiting the overall industry output value growth.
Meanwhile, the production value of South Korea's memory chip industry fell as a proportion of the worldwide industry output value to less than 60% in the first quarter of 2016, Digitimes Research indicated.
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