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Semiconductor prospect
UBS
Core summary
Samsung Electronics SK High Knes’ Openal and Memory Supply LOI “
Openal Dram demand family
Up to 900,000 copies per month (WPM) by 2029 (HBM + DDR mixed)
HBM adoption focus
: Openal 1st generation ASICOI HBM3E 12HI is likely to be adopted
2027 HBM Demand Moment Strengthen
Industrial
Between 2026 and 2029
It can be needed for Openal only (node microparticles 20-309 density improvement)
Semiconductor prospect
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UBS
Why is it important?
Samsung Electronics SK High Knes’Openal and Memory Supply L
Increasing demand visibility
After mentioning about $ 10 billion in the initial order of Broadcom’s L Openal
DRAM is estimated to be 900,000 per month, and the possibility of early lamp up before 2027
HBM Tight
Expansion on HBM-Investment concentration
General DDR supply is risk of getting tight
HBM growth rate (UBS)
2025 +969
Forecast for maintaining high growth route with +559 yoy in 2026
Openal
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Simsung
Global Al Collaboration
Building The Future of AI
‘ber1 2025
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