Samsung Electronics forecasts 2026 capex at 84.4 trillion won, up from 52.7 trillion in 2025

The scale of the step-up matters less than its composition: the overwhelming majority of the 2026 figure is directed at chips, signaling where Samsung sees the binding constraint on future capacity. For the broader semiconductor supply chain and memory-adjacent markets, this is a demand signal that extends beyond Samsung's own balance sheet. Whether this spending pace holds through the year, and how much of it lands in memory versus foundry, is the open question worth tracking.