Date: 25/05/2011

RNCOS says South Korean semiconductor industry worth US $40B by 2013

RNCOS says the South Korean semiconductor industry has been witnessing rapid growth rates for the past few years mainly on the back of strong government support and aggressive industry investments. All the factors including exports, facilities investment, and the application of technology have helped the country to emerge as one of the global leaders in the semiconductor field. Thus, the South Korean Semiconductor industry is anticipated to be worth around US$ 40 Billion by 2013 end, as per RNCOS latest report titled "Semiconductor Industry Forecast to 2012".

RNCOS research anticipates that, the market started posting positive growth from 2010 onwards, a time when global economies started rebounding. This will lead to a rise in the domestic consumer spending owing to financial stability, thus resulting in the demand for semiconductor chip across the nation.

Besides, the country has the most advanced nationwide cellular network in the world, making it a lucrative market for handset manufacturers for technology up gradation and new product launch. Heavy Investments, like investment of US$ 54 Million until 2015 by the country to build up its analog chip industry will also help in boosting the semiconductor market in the country says RNCOS.

For more information visit: http://www.rncos.com/Report/IM179.htm