Korea's Presence in Automotive Semiconductor Market Hardly Noticeable

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www.businesskorea.co.kr, Jan. 27, 2021 – 

While Korea is a global powerhouse in the semiconductor industry, its automobile sector remains helpless about a shortage of automotive semiconductors. Korean automakers are highly dependent on foreign-made chips as the domestic system semiconductor industry remains weak.

Although Korean chipmakers have secured a 60 percent share of the global memory market, their share is only 3 to 4 percent in the system semiconductor market. According to market research company Omdia, Samsung Electronics is the only Korean company active in the global automotive semiconductor market. It was ranked 24th as of the fourth quarter of 2020 with a market share of less than 1 percent. Samsung Electronics began to introduce system semiconductors for automobiles such as the Exynos Auto and the ISOCELL Auto a few years ago. Yet it has thus far supplied its products to foreign companies including Audi, with domestic sales close to zero. It is not much different for TSMC, the world's number one foundry company. Chips for cars account for only 4 percent of TSMC's total sales.

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