South Korea's chip boom is incredible.

South Korea's chip trade surplus surged to a record ~$35 billion in June, more than tripling in 12 months. By comparison, the non-chip trade surplus was just ~$1 billion over the same period. Meanwhile, semiconductor exports soared +198.8% YoY in the first 20 days of August, and shipments of computer-related products jumped +242.1% YoY. As a result, South Korea’s overall exports surged +61.5% YoY over this period, marking the 2nd consecutive month of growth above +60.0%, following July’s +62.9%. AI has transformed South Korea’s chip sector into a global industry.

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