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S&P lifts Samsung outlook to positive on AI memory boom
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Fusion42 · 22 July 2026 · Fusion42 review
S&P upgraded Samsung's outlook to positive, citing a structural AI-driven memory chip super-cycle with supply shortages expected to persist through 2027. The agency forecasts Samsung's revenue will reach $461bn in 2026 and projects EBITDA to surge from $67bn in 2025 to $290bn in 2026, as hyperscaler capex quadruples to $1 trillion by 2028 while meaningful new memory supply remains unavailable until after 2028.
This Wire brief sits within Fusion42's coverage of Semiconductors and AI Infrastructure.
◆ ◆ The Wire takeaway
If you sell anything into AI data centres—optics, power delivery, cooling, packaging, substrate materials—you have a 24-month window where supply-constrained chip makers will pay premium prices and sign long-term deals rather than lose customers to competitors. Start calling Samsung's supply chain this week; they're about to lock in volumes.
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1 source · 22 Jul 2026
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