In July last year, the Export-Import Bank of Korea

In July last year, the Export-Import Bank of Korea predicted that the size of the HBM market will grow 46% annually from $2.7 billion in 2022 to $37.7 billion in 2029.

Prior to that, the U.S. investment bank Goldman Sachs predicted that the annual average (CAGR) will grow by 100% by 2026 to reach $30 billion.

Last week, US Micron's groundbreaking ceremony for the HBM plant in Singapore was expected to be worth $100 billion in 2030.

Regardless of which prediction is correct (I'm 100% high growth), high growth in the HBM market is certain.

Micron, the third-ranked player in the world, has decided to pour money, and SK Hynix, the first-ranked player in this field, is proud to be ahead of Nvidia's demands.

What about Samsung Electronics?

The chairman of Korea-U.S. Semiconductor was invited to join the groundbreaking ceremony of the Micron plant.

It's hard to make HBM properly without the benchmark of Korea-U.S. semiconductors.

Samsung Electronics has tried to steal technology from Korea-U.S. semiconductors in the past.
There was a legal dispute, and in the end, Korea-U.S. semiconductor won.

That's why Korea-U.S. Semiconductor supplies SK Hynix and Micron equipment but doesn't even look at Samsung Electronics.

Samsung Electronics is in a situation where Lee Jae-yong has to go and kneel in front of the chairman of Korea-US Semiconductor, so can Lee Jae-yong do that?

Lee Jae-yong, who became the chairman of Samsung Electronics due to tax evasion and illegal succession, is the biggest risk.