Samsung Electronics' "HBM Significant Progress"...Upcoming Nvidia Delivery?

Samsung Electronics' "HBM Significant Progress"...NVIDIA DELIVERY LIMITED?
Samsung Electronics' Q3 Operating Profit of 3.86 Trillion…Below Market Forecast
Delayed delivery of HBM, etc.Evaluation of 'previous' considering foreign exchange loss, etc.
Samsung Electronics "significant progress in HBM Nvidia test"

[Anchor]
Samsung Electronics posted an operating profit of nearly KRW 3.9 trillion in its semiconductor business in the third quarter.

The performance is less than the previously expected KRW 4 trillion.

However, it revealed that significant progress has been made in high-bandwidth memory semiconductors and HBM quality verification tests, indicating expectations for imminent delivery.

Reporter Park Ki-wan's report.

[Reporter]
Samsung Electronics Semiconductor Q3 earnings were lower than market expectations.

Operating profit was 3.86 trillion won, falling short of the previous forecast of 4 trillion won, and the gap with competitor SK Hynix was more than 3 trillion won.

The biggest reasons were also the delay in Nvidia delivery of high-bandwidth memory HBMs and the pursuit of China.

However, considering one-time costs such as incentives, exchange losses, and losses in the foundry division, some say that the actual memory semiconductor's own performance has been good.

In particular, it is analyzed that the demand for memory semiconductors for HBM and AI data centers increased amid the AI craze, driving sales.

Sales reached an all-time high of 79 trillion won in the third quarter.

There was also news that an opportunity for a reversal was imminent.

Samsung Electronics says it has made significant progress in Nvidia's HBM quality verification test.

[Kim Jae-joon / Vice President of Samsung Electronics' Memory Division: Although commercialization of HBM3E has been delayed, we have secured significant progress in completing important steps in the current qualification process for major customers and are expected to expand sales in the fourth quarter.]

As market expectations rose, Samsung Electronics' stock price recovered to 60,000 won during the first 13 trading days.

However, the market closed at 59,200 won, up 0.17% after failing to break through 60,000 won again.

However, some point out that it is still insufficient to overcome the crisis of Samsung Electronics such as foundry and display.

[Lee Seung-woo / Director of Eugene Investment & Securities Research Center: HBM is just one of the many products Samsung is making, and the problem at Samsung right now is whether innovation is flowing as well as before....]

Samsung Electronics plans to speed up the crisis by reorganizing its business portfolio focusing on profitability and advancing its plan to mass-produce HBM 6th generation to next year.

I'm Park Kiwan of YTN.

Reporter for filming
: Lee Dong-gyu
Design: Baek Seungmin