Samsung Sells Out HBM4, Targets HBM4E Mass Production in First Half of 2027

South Korea's KOSPI index fell 4.77% on Friday, driven by declines in Samsung Electronics and SK Hynix shares. The drop followed Alphabet's 12.64% slide after its earnings report showed a significant increase in capital spending and negative free cash flow. Samsung and SK Hynix, which make up 50% of KOSPI's market value, dropped 6.25% and 8.91% respectively. Goldman Sachs lowered its KOSPI target to 9,000 from 12,000, citing chip valuations.

Samsung Electronics reported record Q3 results with 195.3T won revenue and 107.4T won operating profit, the first global tech firm to exceed 100T won quarterly profit. Despite strong earnings, shares fell 4.13% due to lack of shareholder return details. SK Innovation also posted record Q3 profits, driven by refining and lubricants. The KOSPI index dropped 1.24%, surrendering the 6,000 level.

South Korea's KOSPI and KOSDAQ indices fell over 3%, driven by weak U.S. tech earnings, including a 12.64% drop in Alphabet. Samsung Electronics and SK Hynix, among others, declined. Retail investors bought, while foreign and institutional investors sold.

Samsung Electronics (005930.KS) plans to invest 84.4 trillion won ($59.1 billion) in capital expenditure this year, a record. The company will allocate 76.8 trillion won to its semiconductor business, reflecting increased demand for AI memory. This spending is 60% higher than last year and exceeds initial projections by over 10 trillion won. Samsung aims to strengthen its lead in advanced memory and contract chip manufacturing.

Samsung Electronics plans 84 trillion won in facility investments to address memory supply shortages, reporting a Q3 operating profit of 107.4 trillion won. Its DX division faced an 800 billion won operating loss due to high memory prices. The Fed kept interest rates unchanged at 3.75%-4%, with Chairman Kevin Wash emphasizing price stability but offering no clear signal on a December rate hike. The government announced plans to supply 76,700 homes in six cities.

Samsung Electronics reported record Q3 earnings with 195 trillion won revenue and 107 trillion won operating profit, but shares fell 4.13% due to investor disappointment over delayed shareholder return decisions. The company deferred finalizing its shareholder return policy until January 2027, focusing on a 30 trillion won cash dividend for now. Analysts cite unmet expectations as the cause of the drop, despite a previously announced 100 trillion won return plan.