South Korea's economy relies heavily on
semiconductor exports and local chip
makers are bracing for more rivals from
China and a latest report shows that
China's technology in the field will
surpass Korea's and in future are green
he explains researchers at Hyundai
Research Institute have warned that
Korea's semiconductor industry expected
to face increased pressure from Chinese
rivals although the report released on
Sunday did not provide a timeline of
when this will happen it says local
companies market share in the global
chip industry will decrease at a faster
rate as special countermeasures aren't
prepared this comes after Beijing's
moves to dominate high-tech industries
including semiconductors by increasing
investment this is part of Beijing's
made-in-china 2025 goals
aimed at increasing the domestic content
of core components although the movement
has been hit by the us-china trade war
previous plans include increasing the
proportion of homemade chips so they can
account for 40 percent of the local
market by 2020 and at least 70 percent
by 2025 meanwhile a separate report by
research firm trend 4 shows that China's
semiconductor industry revenue will grow
by more than 16 percent in 2019 although
this marks the slowest pace in five
years because of the continued trade
complex reports say the local chip
industry will continue to grow
thanks to emerging technologies like AI
5g and autonomous vehicles Carini
arirang news
