Release Date: January 31, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Q: Can you share details on the execution plan for the remaining KRW7 trillion of the share repurchase program announced in November 2024? Also, could you provide more details on DRAM and NAND bit growth, ASP, and operating profit? A: We plan to repurchase KRW10 trillion worth of shares over 12 months. Details such as timing and method will be shared soon. For the memory business, DRAM bit growth was down by low teens percentage Q-on-Q, and DRAM ASP rose by around 20% Q-on-Q. Despite weak demand, high value-added products increased as a share of total sales, leading to a substantial increase in ASP versus the third quarter.
Q: Could you provide an update on your HBM3E business and your next-gen product development roadmap beyond HBM3E? A: Our HBM3E products are in mass production, with sales exceeding HBM3. We plan to start mass production of optimized products in late Q1 2025, with full ramp-up in Q2. We are also developing HBM4, targeting mass production in the second half of 2025, and have shipped samples of HBM3E 16-stack products for validation.
Q: How does Samsung view policy risk from the Trump administration's agenda, and what are the planned countermeasures? A: We acknowledge potential impacts from the Trump administration's policies. Samsung closely monitors geopolitical developments and will leverage our global production capabilities and advanced supply chain management to respond to potential changes. We aim to turn challenges into opportunities.
Q: Could you update us on the 2-nanometer process in the Foundry business? A: Samsung's 2-nano platform is under development, optimized for mobile and HPC applications. We released the first version of our process design kits to customers in the first half of 2024, targeting mass production in 2025. We are in talks with Tier 1 customers across diverse applications and leveraging our competitive GA process.
Q: What are your strategies to enhance competitiveness in the on-device AI market following the launch of S25? A: We enhanced NPE performance by optimizing the latest AP and increasing DRAM bandwidth. Galaxy AI now offers a more comprehensive and integrated experience, capable of understanding user context and preferences. We aim to enable intuitive interactions and continue enhancing Galaxy AI as a personal agent.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
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