Will the semiconductor rainy season continue in July? However, the reversal will be here

Summary

After Samsung Electronics reported strong quarterly results but the stock fell, Park Jun-young, CEO of Hanbando Semiconductor, explains why Samsung is undervalued and should be bought on dips. He believes Samsung's HBM4 technology leadership will eventually be recognized, while SK Hynix also remains a buy on supply dynamics. He points to global semiconductor equipment leaders as safe near-monopoly holdings and sees Korean parts/consumables names like KoMiCo and ISC as direct beneficiaries of the upcoming wafer expansion. The market is in a choppy phase but the long-term uptrend for memory is intact.

• Samsung Electronics stock fell despite strong earnings; the market is in a short-term rainy-season chop but long-term upward trend remains.
• Park Jun-young argues Samsung now leads in HBM4 technology, a differentiator that investors will eventually price in.
• SK Hynix is also a buy on dips, supported by ADR-related fund flows and the same memory demand growth.
• Global semiconductor equipment giants (Applied Materials, Lam Research, Tokyo Electron, ASML, KLA) are near-monopolies and comfortable to hold.
• From October, Korean semiconductor parts and consumables companies like KoMiCo and ISC will benefit from wafer capacity expansion.
• Memory demand is not cyclical anymore; it is essential infrastructure driven by AI, with DRAM prices elevated until late 2024.
• The guest expects big tech earnings to reaffirm capex plans, further supporting memory demand.