(MENAFN) South Korea has become the world's second largest manufacturer in the semiconductor industry, Xinhua reported
The country's Ministry of Trade, Industry and Energy said that South Korea's semiconductor global market shares hit 16.2 percent last year, taking Japan's place and ranking second behind the US with a share of 52.4 percent
South Korea beat Japan for the first time as Japan's global market share declined from 17.5 percent in 2012 to 13.7 percent in 2013
The increase was due to a higher market share in the memory chip sector increasing to 52.4 percent in 2013, up from 52.1 percent a year earlier
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