The market downturn is gradually easing. It is reported that South Korea's NAND flash memory exports increased for the first time in a year in September.

News from this site on October 16, according to Bloomberg, South Korea’s NAND flash memory exports increased for the first time in a year in September, further proving that the chip market demand phenomenon is gradually easing.

It is reported that South Korea’s NAND flash memory exports increased by 5.6% year-on-year in September, while falling by 8.9% year-on-year in August; while DRAM flash memory exports decreased by 24.6% during the same period, a decrease lower than the 35.2% decline in the previous month.

The total chip exports in September were US$9.99 billion (currently about 73.027 billion yuan), a 14.4% decrease from the same period last year, but reaching the highest value so far this year. Among them, chip exports to mainland China fell by 22.7% year-on-year. Exports to the European Union increased by 56.5%, while exports to the United States fell by 30.5%.

▲ Picture source Bloomberg

data shows that South Korea’s ICT products in September (Note from this site: Information and Communications Technology products) total export volume was US$18.1 billion (currently approximately 132.311 billion yuan), a year-on-year decrease of 13.4%, the smallest year-on-year decline since October last year.

Since July last year, South Korea's ICT exports have been on a downward trend, but after April this year, the decline has slowed down in recent months, indicating that the current downturn in the chip market is gradually easing.

Bloomberg believes that memory chips are South Korea’s main export product. Although NAND is not as profitable as DRAM, it is still a popular choice for manufacturers of memory cards, digital cameras and other equipment.

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