Korea rides semiconductor wave as 2024 exports set a new record

South Korea’s exports surged to a record-breaking US$683.8 billion in 2024. Semiconductor exports played a pivotal role, reaching US$141.9 billion, setting a new high and driving overall export growth. Meanwhile, the country’s imports totaled US$632 billion, reflecting a 1.6% decrease compared to the previous year, resulting in a trade surplus of US$51.8 billion.

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HDRE hits record US$57 million revenue in 2024

HD Renewable Energy (HDRE) posted consolidated revenue of NT$9.52 billion (approx. US$57.32 million) in December 2024, showing growth of 48.22% compared to the previous month and 13.22% compared to the same period last year. The company’s annual revenue reached NT$10.125 billion in 2024, achieving a 73.41% increase year over year and setting a new record high.

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TSMC sees 2024 revenue exceed guidance

TSMC has reported consolidated sales of NT$278.163 billion (US$8.44 billion) for December 2024, surpassing prior financial projections and market anticipations. This figure represents a 0.8% increase from November and a substantial 57.8% rise compared to the same period in the previous year. TSMC’s revenue for 2024 totaled approximately NT$2.89 trillion, representing a 33.9% increase compared to 2023.

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Rapid semiconductor expansion boosts Acter’s revenue by 21% in 2024, with significant projects extending into 2026

Acter, a provider of cleanroom electromechanical integration, reported remarkable financial results for December 2024, achieving a new monthly revenue record of NT$3.68 billion (approx. US$111 million). This represents an 18% month-over-month and 55% year-over-year increase. The fourth quarter also saw a record high, with revenues totaling NT$9.5 billion, up 25% from the previous quarter and 43% year-over-year.

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