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On June 2, Barclays economist Bum Ki Son issued a report affirming that the outlook for Korean semiconductor technology exports remains robust, bolstered by persistent chip demand and investments in artificial intelligence. The report highlights the strong momentum of high-bandwidth memory (HBM) products and select traditional chip exports, forming a stark contrast to earlier forecasts of a downturn in demand for traditional chips. Despite an overall decline in exports, Korean semiconductor exports surged 6.9% month-on-month in May, following a 6.5% decline in April. Bum Ki Son anticipates that Korean tech product exports will continue to show resilience, with DRAM contract prices poised to rise in the third quarter and the introduction of HBM4 products in the fourth quarter.
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