Dec. 30, 2022 /SemiMedia/ -- According to Bloomberg, South Korea's semiconductor production in November experienced the largest drop since the 2008 financial crisis, showing that the market demand for components has further declined as the global economy slows down.

The report quoted data released by the National Bureau of Statistics of Korea as saying that South Korea's chip production fell for the fourth consecutive month, down 15% from the same period last year, the largest drop since 2009. Overall semiconductor industry production shrank by 3.7% from a year ago, the worst since the outbreak.

In addition, South Korea's investment in fabless chip companies continued to decline, and several companies in the fabless field expressed concerns about investment drying up.

The report pointed out that recent data showed that chip production also fell 11% from the previous month, while semiconductor inventories rose 20% in November from a year earlier, up from 12.9% in October.