Dayton Daily News

Demand for microchips keeps S. Korea booming, but inequities grow

- By Youkyung Lee

SEOUL, SOUTH KOREA — The craze for smartphone­s, social media and universal connectivi­ty is generating immense wealth but also deep unease in South Korea, source of a large share of the computer chips that make them work.

Soaring demand for microchips used in smartphone­s, computer servers and data centers is driving profits for chip and smartphone maker Samsung Electronic­s and its smaller rival SK Hynix sky-high, helping sustain growth in Asia’s fourth-largest economy.

Samsung last week reported that its annual net profit rose 84 percent to a record $38.6 billion in 2017 on annual sales of $223.7 billion, up 19 percent from the previous year.

But pressures are building as youth unemployme­nt approaches 10 percent and many elderly Koreans scrimp and scavenge to get by.

Combined, Samsung and SK Hynix control about three-quarters of the global market for DRAM semiconduc­tors, used in devices that help gadgets and data centers run more programs and data faster. They hold about half the market for NANDs, which store pictures and other digital data.

In 2017, Samsung and SK Hynix had combined revenues totaling $251.5 billion, equivalent to about 17 percent of South Korea’s GDP.

The chip boom reflects South Korea’s success in adapting to changing times, but such a heavy reliance on one sector of the economy, which one economist likened to Saudi Arabia’s oil-driven wealth, is a mixed blessing.

“I see a huge risk. It’s not a time to be rejoicing over South Korea’s 3 percent growth,” said Yoo Seung-min, an opposition lawmaker and economist. “Except for the semiconduc­tor illusion, there is nothing to be relieved about.”

Led by robust exports of computer chips, the South Korean economy in 2017 expanded at its fastest rate in three years and is forecast to grow 3 percent this year. But while the computer chips industry is thriving, the reality is less rosy for the rest of the country: youth unemployme­nt was 9.9

The paper covered the study of some 216,000 hospitaliz­ations involving about 114,000 patients — anonymous to the researcher­s — at two hospitals: UC San Francisco and the University of Chicago.

“Its biggest claim is the ability to predict patient deaths 24-48 hours before current methods, which could allow time for doctors to administer life-saving procedures,” according to online magazine Quartz, which spotted the paper published Jan. 26.

The software was able to predict death, at 24 hours after admission, with 93 percent to 95 percent accuracy, about 10 percent better than the traditiona­l predictive method, according to the paper.

The researcher­s admitted to various limitation­s in their work, noting, for example, that it’s not a “foregone conclusion” that accurate prediction­s can improve care.

Among the science stars on the 35-researcher team were Google senior fellow Jeff Dean, head of the AI-focused “Google Brain” project; Stanford Neuroscien­ces

The software was able to predict death, at 24 hours after admission, with 93 percent to 95 percent accuracy.

Institute professor Nigam Shah; and Alvin Rajkomar, director of clinical data science at UC San Francisco’s Center for Digital Health Innovation.

 ?? AHN YOUNG-JOON / ASSOCIATED PRESS ?? Two men walk past Samsung Electronic­s’ store in Seoul, South Korea, on Wednesday. Asia’s fourth-largest economy is being kept humming by soaring chip demand.
AHN YOUNG-JOON / ASSOCIATED PRESS Two men walk past Samsung Electronic­s’ store in Seoul, South Korea, on Wednesday. Asia’s fourth-largest economy is being kept humming by soaring chip demand.

Newspapers in English

Newspapers from United States