三星HBM4获客户认可，内存涨价助推业绩创新高

Core Viewpoint - The current shortage of memory chips has reached an unprecedented level, leading to significant price increases that will inevitably affect the pricing of end products like smartphones [1][4] Group 1: Memory Chip Market Dynamics - The benchmark price of traditional DDR4 DRAM has surged nearly sevenfold over the past year, marking the highest increase since records began in 2016 [1][4] - NAND flash memory prices have also more than doubled during the same period, driven by ongoing global supply constraints [3][5] Group 2: Samsung's Financial Outlook - Samsung Electronics is expected to report one of its best quarterly earnings in history, with market predictions estimating operating profit to approach 19 trillion KRW (approximately 14 billion USD), about three times that of the previous quarter [5] - Some analysts anticipate that this figure may exceed 20 trillion KRW for the first time, primarily driven by significant improvements in the semiconductor business [5] Group 3: High Bandwidth Memory (HBM) Developments - Samsung's competitiveness in the high-end HBM sector is strengthening, with the latest sixth-generation HBM4 product receiving top performance ratings from major clients like NVIDIA and Broadcom [3][5] - Samsung's market share in the global HBM market has increased from 13% in Q1 of last year to over 20% in Q3, with expectations to surpass 30% by 2026 [3][5] Group 4: Market Reaction - The capital market has reacted positively, with Samsung's stock price rising significantly in the first two trading days of 2026, with increases of 7.17% and 7.47%, contributing to a historical high for South Korea's main stock index [7]