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Samsung Electronics (005930 KS) believes it will be unlikely to see any significant increase in incremental supply through 2028, adds supply constraints are expected to become even more severe in 2027 than 2026

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Samsung projects intensifying HBM supply constraints through 2028 while guiding for triple-digit Q3 HBM4 revenue growth and weighing a long-term U.S. ADR listing to enhance shareholder value.

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Guides Q3 HBM4 rev. to more than triple Q/Q. Open to ADR in the mid and long-term.

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