BlockBeats News, July 14th, Analyst Ray Wang from SemiAnalysis stated in a CNBC interview yesterday that the demand for HBM in 2026 is very strong. This has led Samsung and SK Hynix to continuously shift their wafer capacity to HBM, reducing investment in general DRAM, even though the current price of general DRAM is more profitable.

Ray Wang believes that in a situation where the HBM market is supply-constrained, both Korean manufacturers will convert all HBM production into profit. Therefore, Samsung gaining HBM market share does not necessarily mean that SK Hynix will lose out. The limiting factor is wafer production, not market demand.

Regarding the upcoming listing of Yangtze Memory Technologies Co., Ltd. (YMTC), Ray Wang mentioned that the company has captured about 10% of the DRAM market share (in terms of bits). This is a solid position in a rapidly growing market, but the company is behind by about three years in terms of process technology and three to four years in terms of HBM.

Ray Wang anticipates that most of the new supply will come in the latter half of 2027, with more supply in 2028. However, he still believes that the supply will be insufficient in 2028, only slightly easing compared to 2027.