Accessible version Global Memory Tech Weekly theme: Samsung vs Hynix, 4Q ASP hike, muted Hanmi's TCB and LGE's 4Q OP Price Objective Change What we learned from Samsung/Hynix 3Q earnings calls We conclude that SK Hynix's near-term earnings momentum will likely be stronger than that for Samsung Electronics (SEC). Three reasons: (1) Hynix confirmed HBM4 mass production and 2026 annual contracts vs SEC's sampling stage; (2) Hynix reported larger amount of 3Q memory OP (W11tn+; DRAM OPM: 60%, according to our a ...