40% Undervalued Compared to Micron: Samsung Electronics, a Report Calls It a Confident Buy Zone – Can We Trust It? | CEO Lee Kwon-hee

Summary

CEO Lee Kwon-hee explains the recent US semiconductor sell-off, Nvidia's financing venture, and why AI token cost reduction is actually bullish for chip demand. He highlights deeply undervalued Korean memory stocks (Samsung Electronics, SK hynix) relative to Micron, supported by a strong KB Securities conviction-buy report. He also presents earnings turnaround plays in Kolon Industries, Alteogen's leverage to Keytruda SC expansion, and rising MLCC/substrate demand from Taiwan.

• US semiconductor index declined due to geopolitical worries and Nvidia's lending venture, but hardware fundamentals remain solid.
• AI token cost reduction is interpreted as accelerating AI adoption and is ultimately positive for chip demand.
• Keytruda SC expansion into MRD-positive colon cancer drives upside for Alteogen, with heavy foreign buying.
• Samsung Electronics and SK hynix are 40% undervalued vs Micron; KB report calls a confident buy zone with memory shortages through 2028.
• Kolon Industries is seeing earnings improvement from MPPO material ramp and other high-value business lines.
• Taiwan MLCC sales surged over 100% YoY, signaling a move for Korean MLCC/substrate stocks like Samsung Electro-Mechanics.
• Intel's rights offering is seen as a long-term positive allowing necessary investment.
• Socket/substrate names Simmtech and TLB are flagged as beneficiaries of rising memory socket prices.