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Bank of America forecasts that South Korea's domestic storage capacity will grow at an average annual rate of less than 10%, falling far short of the goal of doubling by 2030.
Svmuu News: A recent report from Bank of America points out that the market is overly optimistic about the expansion commitments made by South Korea’s leading memory chip manufacturers. Regarding South Korean President Lee Jae-myung’s goal of “doubling production capacity by 2030,” Bank of America estimates that, after accounting for capacity losses resulting from the closure of older plants due to technological upgrades and the transition to more advanced processes, the actual annual expansion rate will be less than 10%, and by 2030, it will fall far short of doubling.
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