South Korea Exports of SSDs Nearly Halved in First 9 Months of 2019
At $3.1 billion, down 47% from former year
This is a Press Release edited by StorageNewsletter.com on November 28, 2019 at 2:25 pmSouth Korea’s exports of SSDs nearly halved in the first 9 months of this year on weak demand from data centers, a report showed.
The shipments of SSDs by Korean companies in the January-September period stood at $3.1 billion, down 46.9% from a year earlier, according to the Korea Electronics Association (KEA).
SSD is flash storage used in computers, which is smaller and faster than the traditional HDD made up of magnetic tape and other mechanical parts.
Exports of SSD fell sharper than the 35.9% dip of memory chips, which also experienced an industry-wide slump amid weak global demand.
Weak SSD demand for servers dented major Korean manufacturers’ storage device sales this year.
Samsung Electronics Co. is WW largest SSD maker with 30.6% market share in the second quarter, trailed by Intel with 17.4% and Western Digital with 11.2%, according to market researcher IHS Markit.
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