Yonhap News Agency, Seoul, November 24th. According to a report released by Taiwan market research organization TrendForce on the 24th, due to the impact of weakening demand due to the economic downturn, Samsung Electronics and SK Hynix (including its subsidiaries) in the third quarter Sales of flash memory chips (NAND Flash) both declined.
Specifically, Samsung Electronics' sales fell 28.1% month-on-month to US$4.3 billion. Its market share fell by 1.6 percentage points from the previous month to 31.4%, but it still ranks first in the world. During the same period, Japan’s Kioxia’s market share rose by 5 percentage points month-on-month to 20.6%, replacing SK Hynix and ranking second. SK Hynix's sales decreased by 29.8% month-on-month to US$2.54 billion, and its market share dropped to 18.5%, retiring to third place.
It was also reported that global sales of flash memory chips in the third quarter fell by 24.3% from the previous quarter to US$13.71 billion due to shrinking demand triggered by the economic downturn. (Finish)
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