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Samsung HBM Shipments Expected to Offset Slower General Memory Growth, Analyst Says
An analyst at Mirae Asset Securities said Samsung Electronics' expanding HBM shipments for AI applications are expected to offset slower growth in general memory chips next year. The analyst projected Samsung's 2027 HBM shipment capacity and average selling price to rise 57% and 49%, respectively.
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What happened
An analyst at Mirae Asset Securities said Samsung Electronics' expanding HBM shipments for AI applications are expected to offset slower growth in general memory chips next year. The analyst projected Samsung's 2027 HBM shipment capacity and average selling price to rise 57% and 49%, respectively.
Confirmed
Global impact / market context
HBM, which means high-bandwidth memory, is a specialized chip for AI. If Samsung sells more HBM at higher prices, its revenue and profit per sale could grow, even if general memory chips slow down. This could support Samsung's earnings and stock value.
Analyst inference
The analyst also noted Samsung's earnings will be weighed by a stronger won against the U.S. dollar. A stronger won makes Samsung's products more expensive for foreign buyers, potentially reducing demand or profit. This currency effect could partially offset gains from HBM growth.
Analyst inference
What to watch
- Watch whether Samsung's actual 2027 HBM shipment capacity and average selling price meet the analyst's projected 57% and 49% increases, as these are specific targets from the report. Confirmed
- Investors should monitor Samsung's quarterly earnings reports to see if HBM revenue growth indeed offsets slower general memory chip growth, as the analyst expects for next year. Proposed
- Track the won-to-dollar exchange rate, since a stronger won could reduce Samsung's earnings, potentially counteracting the positive impact of HBM shipment growth on profitability. Analyst inference