Yamato: Samsung Electronics is expected to regain competitiveness in the HBM market.

S.K. Kim and Daekoon Kim of Daiwa Capital reported that Samsung Electronics is expected to regain competitiveness in the high-end high-bandwidth storage chip market. These Daiwa analysts pointed out that the latest performance expectations released by Samsung management during Thursday's earnings conference call show that the company's HBM4 product the most advanced dynamic random access memory for the industry's artificial intelligence accelerators is undergoing final certification by a major customer. They also noted that Samsung plans to ship HBM4 products this fiscal quarter, and is considering adopting hybrid bonding technology for its 16H HBM4E products. Daiwa has raised Samsung's earnings per share for 2026-2027 by 31%-64%.