Global Memory Tech: Vera memory cut, strong June, Samsung dividend, Kor conf preview

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Global Memory Tech: Vera memory cut, strong June, Samsung dividend, Kor conf preview

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Global Memory Tech

Weekly theme: Vera memory cut, strong

June, Samsung dividend, Kor conf preview

Industry Overview

Thoughts on NVIDIA Vera CPU memory capacity reduction 13 June 2026

The street is speculating a 50% SOCAMM memory content cut for NVIDIA’s new CPU, Equity

Vera, vs the original spec (new 750GB vs old 1,500GB). We believe this is not true. Our Global

check still shows 1,500GB-centric SOCAMM (192GB x 8) as a mainstream for Vera Rubin Technology

(with HBM4) vs 750GB (96GB x 8) for Vera CPU rack (without HBM). Of course, clients Simon Woo, CFA >>

(Google, Amazon, MSFT, Meta) can opt 750GB or 1,500GB for Vera Rubin superchip or Research Analyst

Vera CPU rack. Net-net, we conclude 1) Vera Rubin should continue to use 1,500GB Merrill+82 2 3707Lynch0554(Seoul)

(750GB possible but lower performance), and 2) Vera CPU rack also should initially use simon.woo@bofa.com

1,500GB, but it can work with 750GB too. Initial SOCAMM orders were for Vera Rubin; Dai Shen >>

Research Analyst

thus, Vera CPU rack offers incremental SOCAMM demand – positive for its TAM. Merrill Lynch (Hong Kong)

Upbeat memory sales/exports continue QTD dai.shen@bofa.comVivek Arya

Korea’s semis exports hit a new record high during the first 10 days of June: US$11bn, Research Analyst

BofAS

+30% MoM or +206% YoY. Key contributors should be 100%+ ASP increase YoY. We vivek.arya@bofa.com

also observed a more notable DRAM spot price rally this week (DDR4/DDR5 up by 3-4% Mikio Hirakawa >>

WoW). We think NVIDIA Jensen’s Korea visit after Computex Taiwan may have further Research Analyst

BofAS Japan

supported sentiment (e.g., NVIDIA’s L-T concern on memory chip shortages). Taiwanese mikio.hirakawa@bofa.com