Samsung Electronics Q2 Earnings Call Q&A Q. What is the supply mix between HBM and conventional DRAM? As stated during our previous earnings call, we manage our product mix independently of differences in profitability, with a focus on capturing AI-driven demand. We are applying the same approach to the growing demand for HBM. In particular, customer qualification for HBM4—a product drawing significant market attention—has progressed smoothly. We are rapidly expanding supply in line with customers’ ramp-up schedules in the second half of the year. Supported by increased 1c capacity and improved yields, we continue to expand our supply capabilities. As a result, HBM4 revenue in the third quarter is expected to more than triple quarter over quarter. For the second half as a whole, HBM4 is expected to account for well over 60% of our total HBM revenue. During the second half, we expect to increase our HBM market share to a level comparable to our overall DRAM market share, thereby achieving a balanced DRAM portfolio. (Translator’s note: Does this imply that Samsung expects to overtake SK hynix and become the No. 1 player in HBM market share?) Looking ahead to next year, we believe we have sufficient product competitiveness, based on the outcome of supply discussions with customers for 2027—which have already been completed—and our technological capabilities, as demonstrated by the industry’s first sampling of HBM4E. That said, we will continue to monitor the explosive growth in demand for general-purpose computing driven by agentic AI, as well as the relative growth of HBM and server DRAM. We will maintain an optimized product-mix strategy, targeting similar market-share levels in HBM and conventional DRAM to ensure a balanced portfolio.