A healthy appetite for chips drives - Korea's rapid growth

South Korea's global leadership in semiconductor manufacturing is on the rise. As of this writing, Samsung is solidly ranked behind intel as the world's second largest semiconductor manufacturer, and Hynix (formed in 1999 when Hyundai Semiconductor acquired LG Semiconductor) is listed among the world's top ten chipmakers. Further highlighting the steady expansion of the South Korean semiconductor manufacturing infrastructure, more than 50 fabless chip makers in the region are actively designing and developing sophisticated chips for a broad range of applications.