The semiconductor market recovery is driven by many factors. First, generative artificial intelligence continues to be popular. Second, the destocking of memory chips has achieved significant results. Third, the demand for consumer electronics, especially personal computers and smartphones, has begun to pick up.
The latest trade data released by South Korea shows that the country's exports in January increased by 18% year-on-year. Among them, semiconductor exports increased by 56.2% year-on-year, the largest increase since December 2017, and is the main driving force for South Korea's export growth. South Korea's hot semiconductor exports once again confirm that the global semiconductor market has entered a recovery cycle.
South Korea's economy is highly dependent on foreign countries, and its trade data is considered a barometer of global market demand. Especially in the semiconductor field, South Korea has well-known companies such as Samsung Electronics and SK Hynix, and its semiconductor export data directly reflects the temperature of the global semiconductor market.
Previously, monitoring data and forecasts released by some semiconductor industry organizations also showed that the global semiconductor market has begun to move out of the overcapacity stage since the second half of last year.
The semiconductor market recovery is driven by many factors. First, generative artificial intelligence continues to be popular, driving a significant increase in global data center construction demand, and the demand for related chip products is explosive. Nvidia's chips are in short supply, and its follower AMD has also seen a significant increase in sales of its artificial intelligence chips. AMD CEO Lisa Su said in a company conference call that it expects its artificial intelligence chip sales to reach $3.5 billion in 2024, a significant increase from the previous forecast of $2 billion.