December 28, 2023 /SemiMedia/ -- According to reports, South Korea's chip production increased by 42% year-on-year in November, the largest increase since the beginning of 2017, and shipments soared by 80%, the largest increase since the end of 2002.

The report pointed out that South Korea’s chip industry is recovering rapidly from the downturn, sending an optimistic signal to semiconductor companies such as Samsung Electronics and SK Hynix. The data also suggest that a tentative recovery in demand from the global technology industry may be gaining momentum.

South Korea's Ministry of Finance said that market demand for high-performance semiconductors has driven the recovery of the chip and machinery industries. As demand for emerging technologies such as artificial intelligence increases, memory chip prices have begun to rebound.