Samsung: "Rising Memory Prices Increase Smartphone Production Costs" [3-Minute Brief]

[At a Glance]
① Samsung: "Rising memory prices put pressure on smartphones"
② Despite 'weak dollar' concerns, exchange rate remains in the upper 1,420 won range
③ SK hynix posts surprise earnings on surging HBM demand

MARKET INDEX : Year to date

○ The New York Stock Exchange ended mixed.
○ Microsoft fell amid skepticism over big tech.
○ Weakness centered on the software sector.

Top3 NEWS

■ Samsung: "Rising memory prices increase smartphone production costs"

○ Samsung Electronics earnings conference call
○ "We will secure supply stability with our partners."
○ Fourth quarter smartphone shipments reached 60 million units

■ Despite 'weak dollar' concerns, exchange rate remains in the high 1,420 won range

○ Dollar decline momentum leads to a drop in 'reflexive gains'
○ If the 1,420 won level is maintained, a period of stabilization is possible
○ Inflow of real demand for dollars; first half forecast at 1,410 won

■ Capital war triggered by Trump: Major investors avoid the US

○ Market volatility due to Greenland annexation
○ Dollar index at its lowest in four years
○ Canadian pension funds focus on yen, franc, and gold

Graphic News: SK hynix to surpass TSMC and enter the 100 trillion won era

○ Fourth quarter revenue: 32.8 trillion won, operating profit: 19 trillion won
○ Surging HBM demand pushes OPM ahead of TSMC
○ Shareholder returns including cancellation of 12.2 trillion won in treasury shares

the Chart: 60,000 new homes to be supplied near Seoul by 2030

○ 32,000 homes to be supplied in Seoul
○ Sequential construction to begin from 2027
○ Taereung Golf Course site development accelerates

Today's Key Schedule

○ Domestic

On the 30th, Duckyang Energen to be listed on KOSDAQ, offering price 10,000 won

08:00 Korea December retail sales

08:00 Korea December industrial production

08:30 Japan January Tokyo core consumer price index

○ Overseas

02:00 US Atlanta Federal Reserve Q4 GDPNow

06:30 US Federal Reserve reserve balances

17:55 Germany January unemployment rate

19:00 Eurozone Q4 GDP

22:30 US December core producer price index

◇ Lunchtime & Evening Commute Weather

○ Lowest temperature: -12℃(▼1℃) ｜ Highest temperature: 2℃(▲4℃)
○ Precipitation probability: 0% in the morning | 20% in the afternoon
○ Fine dust: Moderate in the morning | Moderate in the afternoon

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