S. Korea: ICT Exports Rise on Semiconductors

South Korea's exports of information and communication technology (ICT) products rose for the 11th consecutive month in September, driven by record sales of semiconductors. Outbound shipments of ICT products came to USD 22.4 billion last month, up 24 percent from USD 18.04 billion a year earlier, according to data compiled by the Ministry of Science and ICT. By item, chip exports jumped 36.3 percent on-year to record an all-time high of USD 13.6 billion in September, posting a double-digit increase for the 11th straight month, amid strong global chip demand for artificial intelligence servers, South Korean News Agency (Yonhap) reported. Despite the success of chip exports, exports of displays and communications equipment dropped, while there have been notable increases in exports of smartphones and computers, reflecting the growing demand for electronic devices. Source: Qatar News Agency