三星半导体，挺过来了

Core Viewpoint - Samsung is expected to achieve an operating profit of 90 to 100 trillion KRW (approximately 2.14 trillion TWD) next year, driven by improvements in 2nm GAA process yields and a significant increase in HBM4 and DRAM prices by 56% [1][2]. Group 1: Financial Projections - Analysts predict Samsung's operating profit could reach 100 trillion KRW next year, reflecting a 129% year-on-year increase, supported by the growth in HBM4 market share and rising DRAM prices [2][5]. - Samsung's revenue is anticipated to rise significantly due to the increase in NAND flash memory prices and new orders from cryptocurrency mining equipment manufacturers [1][4]. Group 2: Market Dynamics - The demand for high-bandwidth memory (HBM) chips is accelerating, particularly in the context of artificial intelligence, which is expected to drive Samsung's stock price upward [3][5]. - Samsung's stock price has recently surpassed 100,000 KRW (68 USD), with several brokerages raising their target prices to 150,000 KRW, indicating strong market confidence [3][4]. Group 3: Competitive Positioning - Samsung is expected to capture 40% of the HBM4 supply chain for NVIDIA, with projections indicating a 2.5 times increase in HBM shipments by 2026 compared to this year [4][5]. - The company is also positioned to benefit from the growing demand for AI memory semiconductors, with supply shortages expected to persist until 2026 [5][6].