South Korea's equipment exports to China fell by 51.89% in the first half of the year due to the decrease in investment in semiconductors due to competition between China and the United States

On August 10, according to the Korean media BusinessKorea, the General Administration of Customs of South Korea announced on August 9 that South Korea’s semiconductor equipment exports to China totaled US$694.8 million in the first half of this year, down 51.89% from the same period last year.

China is the most important market for South Korean semiconductor equipment exporters, accounting for 60 percent of their exports, the report said. The devices are typically shipped to memory chip factories in China by Samsung Electronics and SK Hynix.

The report believes that the decline in exports is due to the continued competition between China and the United States, which has led to a decrease in semiconductor investment in China.

"Exports may be greatly affected after South Korea joins the US-led Chip 4 semiconductor alliance," an industry source said, adding that China may block exports from memory chip factories and reduce imports of South Korean equipment by speeding up domestic development and production. purchase.