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Seoul (ANTARA News/Asia Pulse) - Sales by South Korean chipmakers in 2009 expanded a combined 3.6 per cent from a year earlier thanks to increased demand from handset makers, despite a sharp decrease in overall revenues for the global industry, a report showed Thursday.

According to the report from market research firm iSuppli Corp., while the global semiconductor industry logged an 11.7 per cent fall in 2009 revenues, South Korean chipmakers weathered the storm thanks to demand for NAND flash memory used in mobile devices and light-emitting diode (LED) memory for flat screen TVs.

Samsung Electronics Co. (KSE:005930) and Hynix Semiconductor Inc. (KSE:000660), the second-largest and seventh-largest chipmakers in terms of 2009 revenue, were the only two of the world's top 10 semiconductor suppliers that posted positive results for the year as most suppliers were hit by the economic downturn.


Source:
Business in Asia Today - March.19, 2010
published by Asia Pulse

Editor: Ricka
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