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South Korea's chip exports jump 259% to a record $56.4bn in October on AI infrastructure demand
What changed
South Korea's semiconductor exports rose 259% from a year earlier to US$56.4 billion in October 2026, lifting total exports 93.7% to a record US$115.3 billion, the Ministry of Trade, Industry and Resources said on Sunday, Yonhap reports. The ministry credited strong global chip demand and continued investment by large technology companies in AI infrastructure. Shipments to the United States rose 185.8% to US$24.9 billion on demand for semiconductors, computers and electrical equipment used in AI infrastructure. January to October exports passed US$900 billion for the first time, and the ministry projects that annual exports could reach US$1 trillion as early as November if the trend continues (a ministry projection).
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