Samsung, SK Hynix Set Record 2025 Capex; Memory Supply Growth Only From 2028

Samsung and SK Hynix are set to post record 2025 capex, yet new memory supply growth is not expected until 2028 at the earliest. That keeps mid-term supply tight and supports high DRAM and HBM prices, though heavy near-term spending could weigh on free cash flow.

Impact assessments are model-generated from public coverage, for reference only and not investment advice.