Future Asset Securities analyst Kim Young-gun says Samsung Electronics’
expansion of HBM shipments for AI applications should offset a slowdown in
general memory-chip growth in 2027. Samsung’s HBM shipment capacity and ASP are
forecast to rise 57% and 49% in 2027, versus projected 16% and 20% growth for
general memory chips. Future Asset expects Samsung earnings to be weighed by a
stronger won against the dollar but remain broadly healthy; it cut Samsung’s
2026 operating profit forecast by 5.7% to 370.057 tln won and its 2027 forecast
by 4.2% to 535.682 tln won.
