Posture
hedging
Capital tug-of-war: memory (HBM/DRAM) is booming and eating the capex, while the #2 foundry (~7-8% share) stays loss-making but is kept alive (Taylor, TX fab). Splits capital rather than committing to leading-edge foundry.
Sourced figures 2
- kestrel board.yaml — samsung (internal anchor, 2026-07-25) board.yaml anchor: 'HBM-vs-foundry capital tug; foundry slice small (~$15-20B/yr, loss-making, ~7-8% share, #2)'
- stockanalysis.com Samsung financials TTM net income doubled to KRW 83,333,739M (memory upcycle) vs FY2025 KRW 44,260,956M
the working
Basis
Capital tug-of-war: memory (HBM/DRAM) is booming and eating the capex, while the #2 foundry (~7-8% share) stays loss-making but is kept alive (Taylor, TX fab). Splits capital rather than committing to leading-edge foundry.
Threads 1
A claim is one metric we assert about a node — the value is the summary, this page is the receipt. Sourced from kestrel; supersedes-history not yet shown. Back to Samsung.