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DRAM market forecast to post biggest growth in 23 years: report

2017/10/21 10:42

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SEOUL, Oct. 21 (Yonhap) -- The global semiconductor market is expected to post robust growth this year thanks to the strong performance of the DRAM market, which is largely dominated by South Korean manufacturers, a market researcher said Saturday.

The international chip market is expected to grow 22 percent this year as a rise in average sales prices in major categories has lifted market values, the U.S.-based semiconductor research firm said.

IC Insights expects a whopping 74 percent surge in the DRAM market, the largest growth rate since 1994, forecasting the NAND flash market to jump 44 percent this year.

The DRAM market is forecast to be by far the largest single product category in the semiconductor industry with an estimated $72 billion of market value, exceeding the expected NAND flash market's $49.8 billion this year.

Two South Korean companies -- Samsung Electronics Co., the world's largest chipmaker, and its rival SK hynix -- dominate over 70 percent of the global DRAM market share, while holding a 44-percent share in the NAND flash market.