Investing.com – Korea’s July semiconductor export data shows strong overall performance for while posted weaker-than-expected results, according to Bernstein research.
Overall HBM export from Korea rose 13% quarter-over-quarter versus April, though it declined 32% month-over-month due to seasonality. Year-over-year growth reached 64%.
Export data from South Chungcheong, where Samsung packages HBM, jumped 122% quarter-over-quarter versus April. Bernstein projects Samsung’s third-quarter 2026 HBM revenue could rise 80% quarter-over-quarter, 30% ahead of the firm’s prior forecast.
Export data from North Chungcheong and Icheon, where SK hynix operates, fell approximately 27% both month-over-month and quarter-over-quarter. Bernstein’s regression analysis predicts SK hynix’s second-quarter 2026 HBM revenue could decline 20% quarter-over-quarter, significantly below estimates. The firm attributes the weakness to delayed HBM4 shipment for Rubin.
Samsung’s July value per weight metric rose 21% month-over-month, while SK hynix’s metric increased only mildly. The value per weight for Samsung has doubled from prior levels. Export to Malaysia reached $1.3 billion in July, with the increase mainly from SK hynix.
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