Samsung's HBM Growth Could Offset Slower Memory Market in 2027
Samsung Electronics' expanding High Bandwidth Memory (HBM) business could become a major growth driver as demand for AI infrastructure continues to accelerate.
According to Mirae Asset Securities analyst Kim Young-gun, Samsung's growing HBM shipments for AI applications are expected to help offset slower growth in the broader memory-chip market next year.
The projections highlight a significant difference between the two segments:
• HBM shipment capacity: Expected to increase by 57% in 2027
• HBM average selling price: Expected to rise by 49%
• General memory-chip growth: Projected at 16%
• General memory-chip price growth: Projected at 20%
HBM has become increasingly important because advanced AI systems require extremely fast memory to process massive amounts of data. As AI infrastructure expands, demand for high-performance chips and memory solutions continues to grow.
The data suggests that Samsung's AI-focused memory business could grow substantially faster than its traditional memory segment.
However, Mirae Asset also noted a potential challenge: a stronger South Korean won against the U.S. dollar could weigh on Samsung's earnings by reducing the value of overseas revenue when converted back into won.
Key takeaway: Samsung's HBM business could become an important buffer against slower growth in conventional memory chips. With AI demand accelerating, HBM shipments and pricing may provide a significant earnings catalyst heading into 2027.
Source: ChainCatcher, Mirae Asset Securities
#SamsungSKHynixLeadKoreanSharesHigher
Samsung Electronics' expanding High Bandwidth Memory (HBM) business could become a major growth driver as demand for AI infrastructure continues to accelerate.
According to Mirae Asset Securities analyst Kim Young-gun, Samsung's growing HBM shipments for AI applications are expected to help offset slower growth in the broader memory-chip market next year.
The projections highlight a significant difference between the two segments:
• HBM shipment capacity: Expected to increase by 57% in 2027
• HBM average selling price: Expected to rise by 49%
• General memory-chip growth: Projected at 16%
• General memory-chip price growth: Projected at 20%
HBM has become increasingly important because advanced AI systems require extremely fast memory to process massive amounts of data. As AI infrastructure expands, demand for high-performance chips and memory solutions continues to grow.
The data suggests that Samsung's AI-focused memory business could grow substantially faster than its traditional memory segment.
However, Mirae Asset also noted a potential challenge: a stronger South Korean won against the U.S. dollar could weigh on Samsung's earnings by reducing the value of overseas revenue when converted back into won.
Key takeaway: Samsung's HBM business could become an important buffer against slower growth in conventional memory chips. With AI demand accelerating, HBM shipments and pricing may provide a significant earnings catalyst heading into 2027.
Source: ChainCatcher, Mirae Asset Securities
#SamsungSKHynixLeadKoreanSharesHigher