Update on Samsung Guidance

Great news for SK Hynix Investors

While I usually use my data for deeper analysis, the numbers also work well to quickly analyse what happens. My focus will still be on the more profound analysis, but occasionally, I will join the “Stop-the-press” team.

Samsung just released its post-result guidance, which suggests two things: Improved operating margins are always good, but revenue guidance does not look very good.

The 75TWon result was well below the analyst expectations of 80TWon+. While the market accepts the guidance with a shrug, it is a significant problem for Samsung, especially if the memory result is weak. We will know more later this month.

On Tuesday, Nvidia CEO Jensen Huang told reporters in Las Vegas that Samsung must "engineer a new design" to supply HBM chips to his company. He added that "they can do it, and they are working very fast."

This means that Samsung is still out of the HMB3E game in Nvidia, but it can likely sell some elsewhere.

The supply chain view of Samsung does not reveal any extraordinary activity suggesting that something is coming barreling down the production lines.

As can be seen, the purchase of semiconductor materials has been declining this entire upturn, showing that it is price alone and has no volume.