{"id":99,"date":"2026-01-31T04:00:19","date_gmt":"2026-01-31T01:00:19","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketriskustr\/?p=99"},"modified":"2026-01-31T04:00:19","modified_gmt":"2026-01-31T01:00:19","slug":"%f0%9f%94%b4%f0%9f%87%b9%f0%9f%87%b7-ssnlf-bilanco-toplantisi-analizi-2025-12-samsung-elect-ltd","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketriskustr\/99","title":{"rendered":"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 SSNLF Bilan\u00e7o Toplant\u0131s\u0131 Analizi 2025\/12 | Samsung Elect Ltd"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 SSNLF Bilan\u00e7o Toplant\u0131s\u0131 Analizi 2025\/12 | Samsung Elect Ltd\" width=\"858\" height=\"483\" src=\"https:\/\/www.youtube.com\/embed\/RDfM8gYRRp4?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h1>Samsung Rekor K\u0131rd\u0131 Ama Sebebi Sand\u0131\u011f\u0131n\u0131z Gibi Galaxy De\u011fil: \u0130\u015fte Yapay Zeka Devriminin Ger\u00e7ek G\u00fcc\u00fc<\/h1>\n<p>Samsung, tarihindeki en y\u00fcksek \u00e7eyrek geliri ve k\u00e2r\u0131n\u0131 az \u00f6nce a\u00e7\u0131klad\u0131. \u00c7o\u011fu ki\u015fi bu rekorun arkas\u0131ndaki motorun en yeni Galaxy ak\u0131ll\u0131 telefon oldu\u011funu varsayacakt\u0131r. Ancak ger\u00e7ek hikaye \u00e7ok daha derinlerde, yeni teknoloji \u00e7a\u011f\u0131n\u0131 besleyen silikonun kalbinde yat\u0131yor. Bu, yapay zeka alt\u0131n madencili\u011finin Samsung&#8217;u nas\u0131l yeniden \u015fekillendirdi\u011finin hikayesidir.<\/p>\n<p>Bu makale, \u015firketin son finansal sonu\u00e7lar\u0131n\u0131 d\u00f6rt perdelik bir analizle ele alacak ve Samsung&#8217;un rekor ba\u015far\u0131s\u0131n\u0131n ard\u0131ndaki as\u0131l g\u00fcc\u00fcn, yani yapay zekan\u0131n, teknoloji d\u00fcnyas\u0131ndaki g\u00fc\u00e7 dengelerini nas\u0131l temelden de\u011fi\u015ftirdi\u011fini ortaya koyacak.<\/p>\n<h3><b>1. As\u0131l Motor: Ak\u0131ll\u0131 Telefonlar De\u011fil, Yapay Zeka \u00c7ipleri<\/b><\/h3>\n<p>Samsung&#8217;un rekor k\u0131ran bu \u00e7eyre\u011finin s\u0131rr\u0131n\u0131 anlamak i\u00e7in, \u015firketin iki ana b\u00f6l\u00fcm\u00fcn\u00fcn performans\u0131ndaki \u015fa\u015f\u0131rt\u0131c\u0131 tezatl\u0131\u011fa bakmak yeterli. Sanki Samsung&#8217;un \u00e7at\u0131s\u0131 alt\u0131nda iki farkl\u0131 \u015firket var: Biri harika arabalar \u00fcretiyor, di\u011feri ise bu arabalar\u0131n ihtiya\u00e7 duydu\u011fu y\u00fcksek oktanl\u0131 yak\u0131t\u0131 \u00fcreten tek rafineriye sahip. Ve \u015fu anda rafineri i\u015fi patlama ya\u015f\u0131yor.<\/p>\n<p>Rakamlar bu durumu net bir \u015fekilde ortaya koyuyor. Ak\u0131ll\u0131 telefonlar\u0131 ve ev aletlerini i\u00e7eren DX (Cihaz Deneyimi) b\u00f6l\u00fcm\u00fcn\u00fcn geliri bir \u00f6nceki \u00e7eyre\u011fe g\u00f6re %8 <i>d\u00fc\u015ferken<\/i>, yar\u0131 iletkenleri \u00fcreten DS (Cihaz \u00c7\u00f6z\u00fcmleri) b\u00f6l\u00fcm\u00fcn\u00fcn sat\u0131\u015flar\u0131 ise \u00e7eyrek baz\u0131nda %33 gibi devasa bir art\u0131\u015f g\u00f6sterdi.<\/p>\n<p>DS b\u00f6l\u00fcm\u00fcndeki bu patlama, neredeyse tamamen k\u00fcresel yapay zeka talebinden, \u00f6zellikle de yapay zeka sunucular\u0131 i\u00e7in hayati \u00f6nem ta\u015f\u0131yan HBM (Y\u00fcksek Bant Geni\u015flikli Bellek) gibi y\u00fcksek performansl\u0131 belleklere olan ihtiya\u00e7tan kaynaklan\u0131yor. Piyasan\u0131n yar\u0131 iletken liderli\u011findeki bu geri d\u00f6n\u00fc\u015fe olan alg\u0131s\u0131, bir y\u00f6neticinin \u015fu s\u00f6zleriyle \u00f6zetleniyor:<\/p>\n<p>Baz\u0131 m\u00fc\u015fterilerimiz ba\u015far\u0131lar\u0131m\u0131z\u0131 &#8220;Samsung geri d\u00f6nd\u00fc&#8221; fikriyle \u00f6zetleyerek, farkl\u0131la\u015fm\u0131\u015f performans\u0131m\u0131z\u0131n arkas\u0131ndaki g\u00fcce dair net bir sinyal verdi.<\/p>\n<h3><b>2. Doymak Bilmeyen Bir \u0130\u015ftah: Samsung Yeterince H\u0131zl\u0131 Yapay Zeka Belle\u011fi \u00dcretemiyor<\/b><\/h3>\n<p>Yapay zeka patlamas\u0131n\u0131n kalbinde, doymak bilmeyen bir HBM talebi yat\u0131yor ve Samsung bu talebin tam merkezinde yer al\u0131yor. \u015eirketin kazan\u00e7 raporundaki tahmin ise dudak u\u00e7uklatacak cinsten: Samsung, 2026 y\u0131l\u0131ndaki HBM sat\u0131\u015flar\u0131n\u0131n &#8220;y\u0131ldan y\u0131la \u00fc\u00e7 kattan fazla&#8221; artmas\u0131n\u0131 bekliyor.<\/p>\n<p>Fakat bu benzeri g\u00f6r\u00fclmemi\u015f g\u00fc\u00e7, Samsung&#8217;un kendi duvarlar\u0131 i\u00e7inde b\u00fcy\u00fcleyici ve paradoksal bir sorun yarat\u0131yor. Bu devasa \u00fcretim art\u0131\u015f\u0131na ra\u011fmen talep, arz\u0131 o kadar geride b\u0131rak\u0131yor ki, \u015firket talebi kar\u015f\u0131lamakta zorlan\u0131yor. Bir y\u00f6netici durumu net bir \u015fekilde ifade ediyor: &#8220;B\u00fcy\u00fck m\u00fc\u015fterilerin 2026 y\u0131l\u0131 i\u00e7in HBM talebi, hala bizden temin edilebilecek arz\u0131 a\u015f\u0131yor.&#8221;<\/p>\n<p>Peki bu ne anlama geliyor? Basit\u00e7e s\u00f6ylemek gerekirse, yapay zeka devrimi art\u0131k kod sat\u0131rlar\u0131yla de\u011fil, fabrikalarda ne kadar h\u0131zl\u0131 silikon \u00fcretilebildi\u011fiyle s\u0131n\u0131rlan\u0131yor. Bu durum, Samsung&#8217;u sadece bir tedarik\u00e7i de\u011fil, t\u00fcm yapay zeka devriminin temel bir kap\u0131 bek\u00e7isi ve &#8220;kral yap\u0131c\u0131&#8221; konumuna getiriyor. En b\u00fcy\u00fck yapay zeka \u015firketlerinin b\u00fcy\u00fcme h\u0131z\u0131, art\u0131k fiziksel olarak Samsung&#8217;un \u00fcretim kapasitesine ba\u011fl\u0131.<\/p>\n<h3><b>3. \u015ea\u015f\u0131rt\u0131c\u0131 Yan Etki: Samsung&#8217;un Ba\u015far\u0131s\u0131&#8230; Yine Samsung&#8217;a Zarar Veriyor<\/b><\/h3>\n<p>\u0130\u015fte Samsung i\u00e7in &#8220;muhte\u015fem ama ac\u0131 verici bir paradoks&#8221;: Yar\u0131 iletken b\u00f6l\u00fcm\u00fcn\u00fcn (DS) ezici ba\u015far\u0131s\u0131 ve bunun sonucunda artan bellek \u00e7ipi fiyatlar\u0131, \u015firketin kendi cihaz b\u00f6l\u00fcm\u00fc (DX) i\u00e7in b\u00fcy\u00fck bir maliyet ba\u015f a\u011fr\u0131s\u0131 yarat\u0131yor.<\/p>\n<p>Bu sekt\u00f6r genelindeki sorun, ironik bir \u015fekilde Samsung&#8217;un kendi MX (Mobil Deneyim) b\u00f6l\u00fcm\u00fcn\u00fc de do\u011frudan vuruyor. MX b\u00f6l\u00fcm\u00fcnden bir konu\u015fmac\u0131, &#8220;anahtar bile\u015fenlerin maliyet bask\u0131s\u0131n\u0131n sekt\u00f6r genelinde artt\u0131\u011f\u0131n\u0131&#8221; belirtti. Daha da \u00e7arp\u0131c\u0131 olan\u0131, Samsung&#8217;un Ekran b\u00f6l\u00fcm\u00fcn\u00fcn 2026&#8217;y\u0131 &#8220;\u00f6nceki y\u0131llardan daha zorlu&#8221; olarak g\u00f6rmesi. Bunun temel nedeni ise artan bellek fiyatlar\u0131n\u0131n &#8220;ak\u0131ll\u0131 telefon pazar\u0131nda talep belirsizli\u011fi&#8221; yaratmas\u0131.<\/p>\n<p>Bu durum, dikey entegrasyonun karma\u015f\u0131kl\u0131\u011f\u0131n\u0131 g\u00f6zler \u00f6n\u00fcne seren b\u00fcy\u00fcleyici bir i\u015f dinami\u011fi. Bir b\u00f6l\u00fcm\u00fcn rekor k\u00e2r\u0131, di\u011fer b\u00f6l\u00fcm\u00fcn k\u00e2rl\u0131l\u0131\u011f\u0131n\u0131 tehdit ediyor. Bu, Samsung&#8217;a rakiplerinin sahip olmad\u0131\u011f\u0131 bir maliyet \u00f6ng\u00f6r\u00fcs\u00fc m\u00fc sa\u011fl\u0131yor, yoksa \u015firketin i\u00e7inde y\u00f6netilmesi imkans\u0131z gerilimler mi yarat\u0131yor? Yan\u0131t ne olursa olsun, bu tablo k\u00fcresel tedarik zincirinin ne kadar hassas dengeler \u00fczerine kurulu oldu\u011funu g\u00f6steriyor.<\/p>\n<h3><b>4. Vizyon: Her \u015eeyde Bir &#8220;Yapay Zeka D\u00f6n\u00fc\u015f\u00fcm\u00fc&#8221;<\/b><\/h3>\n<p>Bu i\u00e7sel zorluklara ra\u011fmen Samsung, sadece bile\u015fen satman\u0131n \u00e7ok \u00f6tesinde bir oyun plan\u0131 oldu\u011funu a\u00e7\u0131k\u00e7a ortaya koyuyor. \u015eirketin nihai hedefi, temel silikondan t\u00fcketiciye d\u00f6n\u00fck cihazlara kadar t\u00fcm yapay zeka y\u0131\u011f\u0131n\u0131n\u0131 domine etmek.<\/p>\n<p>\u015eirket, &#8220;yapay zeka d\u00f6n\u00fc\u015f\u00fcm\u00fc \u00e7a\u011f\u0131na&#8221; liderlik etmeyi hedefliyor ve bu vizyonu somut ad\u0131mlarla destekliyor:<\/p>\n<ul>\n<li><b>Mobil (MX) b\u00f6l\u00fcm\u00fc:<\/b> Yakla\u015fan Galaxy S26 ile &#8220;yapay zeka ak\u0131ll\u0131 telefon pazar\u0131ndaki&#8221; liderli\u011fini peki\u015ftirmeyi planl\u0131yor.<\/li>\n<li><b>G\u00f6rsel Ekran (VD) b\u00f6l\u00fcm\u00fc:<\/b> &#8220;G\u00f6rsel bir yapay zeka yard\u0131mc\u0131s\u0131&#8221; i\u00e7eren &#8220;Yapay Zeka TV&#8217;leri&#8221; ile oturma odalar\u0131n\u0131 hedefliyor.<\/li>\n<li><b>Gelece\u011fin b\u00fcy\u00fcme motorlar\u0131:<\/b> &#8220;\u0130nsans\u0131 robotik&#8221; gibi f\u00fct\u00fcristik alanlara ciddi yat\u0131r\u0131mlar yap\u0131yor.<\/li>\n<\/ul>\n<p>CFO&#8217;nun \u015firketin pazardaki benzersiz konumuna ili\u015fkin s\u00f6zleri, bu stratejik plan\u0131 \u00f6zetliyor. Bu sadece bir pazarlama c\u00fcmlesi de\u011fil, veri merkezinden oturma odas\u0131na kadar de\u011fer ak\u0131\u015f\u0131n\u0131 kontrol etme plan\u0131n\u0131n bir manifestosu:<\/p>\n<p>DS b\u00f6l\u00fcm\u00fc, mant\u0131k, bellek, d\u00f6k\u00fcmhane ve geli\u015fmi\u015f paketleme de dahil olmak \u00fczere ger\u00e7ek bir tek durak \u00e7\u00f6z\u00fcm sunabilen d\u00fcnyadaki tek yar\u0131 iletken \u015firketi olarak benzersiz konumumuzdan yararlanarak yapay zeka yar\u0131 iletken pazar\u0131ndaki liderli\u011fini s\u00fcrekli olarak g\u00fcvence alt\u0131na alacakt\u0131r.<\/p>\n<h3><b>Sonu\u00e7<\/b><\/h3>\n<p>Samsung&#8217;un rekor k\u0131ran performans\u0131, yapay zeka devriminin tam gaz devam etti\u011finin ve bu yeni ekosistemde de\u011ferin, \u015fimdilik, g\u00f6steri\u015fli cihazlardan \u00e7ok onlar\u0131 \u00e7al\u0131\u015ft\u0131ran temel teknolojide, yani yar\u0131 iletkenlerde topland\u0131\u011f\u0131n\u0131n en net sinyalidir.<\/p>\n<p>Bu durum ak\u0131llara ka\u00e7\u0131n\u0131lmaz bir soruyu getiriyor: Yapay zeka hayat\u0131m\u0131z\u0131n her zerresine i\u015flerken, as\u0131l g\u00fc\u00e7 sava\u015f\u0131 cihazlar\u0131n &#8216;bedenini&#8217; \u00fcretenler ile onlar\u0131n &#8216;beynini&#8217; d\u00f6kenler aras\u0131nda m\u0131 ya\u015fanacak? Samsung&#8217;un son \u00e7eyrek sonu\u00e7lar\u0131, bu sava\u015f\u0131n galibinin kim olaca\u011f\u0131na dair ilk ipucunu veriyor olabilir.<\/p>\n<p>&nbsp;<\/p>\n<h1>Samsung Electronics 2025 D\u00f6rd\u00fcnc\u00fc \u00c7eyrek Finansal Sonu\u00e7lar\u0131 Bilgilendirme Notu<\/h1>\n<h2>Y\u00f6netici \u00d6zeti<\/h2>\n<p>Samsung Electronics, 2025&#8217;in d\u00f6rd\u00fcnc\u00fc \u00e7eyre\u011finde, Yapay Zeka (AI) yar\u0131 iletken pazar\u0131ndaki liderli\u011finin ve \u00f6zellikle Bellek (Memory) i\u015f kolundaki g\u00fc\u00e7l\u00fc performans\u0131n\u0131n etkisiyle tarihindeki en y\u00fcksek \u00e7eyreklik gelir ve faaliyet kar\u0131n\u0131 a\u00e7\u0131klam\u0131\u015ft\u0131r. \u015eirket, 93,8 trilyon KRW gelir ve 20,1 trilyon KRW faaliyet kar\u0131 elde ederek rekor k\u0131rm\u0131\u015ft\u0131r. Bu ba\u015far\u0131da, HBM (Y\u00fcksek Bant Geni\u015flikli Bellek) gibi y\u00fcksek katma de\u011ferli \u00fcr\u00fcnlere y\u00f6nelik artan talep ve ABD dolar\u0131n\u0131n de\u011fer kazanmas\u0131 \u00f6nemli rol oynam\u0131\u015ft\u0131r.<\/p>\n<p>DS (Cihaz \u00c7\u00f6z\u00fcmleri) B\u00f6l\u00fcm\u00fc, HBM ve sunucu odakl\u0131 \u00fcr\u00fcn sat\u0131\u015flar\u0131ndaki art\u0131\u015fla %33&#8217;l\u00fck bir gelir b\u00fcy\u00fcmesi sergilerken, DX (Cihaz Deneyimi) B\u00f6l\u00fcm\u00fc, yeni ak\u0131ll\u0131 telefon lansmanlar\u0131n\u0131n etkisinin azalmas\u0131 ve ev aletleri pazar\u0131ndaki durgunluk nedeniyle %8&#8217;lik bir gelir d\u00fc\u015f\u00fc\u015f\u00fc ya\u015fam\u0131\u015ft\u0131r. \u015eirket, 2026 y\u0131l\u0131nda AI pazar\u0131ndaki liderli\u011fini s\u00fcrd\u00fcrmeyi, geli\u015fmi\u015f s\u00fcre\u00e7lere dayal\u0131 yat\u0131r\u0131mlar\u0131n\u0131 art\u0131rmay\u0131 ve HVAC, otomotiv elektroni\u011fi ve robotik gibi gelece\u011fin b\u00fcy\u00fcme motorlar\u0131na odaklanmay\u0131 planlamaktad\u0131r. Hissedar getirileri kapsam\u0131nda, 9,8 trilyon KRW&#8217;lik y\u0131ll\u0131k temett\u00fc taahh\u00fcd\u00fcne ek olarak, h\u00fck\u00fcmetin te\u015fvik program\u0131na uyum sa\u011flamak amac\u0131yla ek bir temett\u00fc \u00f6demesi onaylanm\u0131\u015ft\u0131r.<\/p>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h2>1. D\u00f6rd\u00fcnc\u00fc \u00c7eyrek 2025 Konsolide Finansal Performans<\/h2>\n<p>Samsung Electronics, 2025&#8217;in d\u00f6rd\u00fcnc\u00fc \u00e7eyre\u011finde hem gelir hem de faaliyet kar\u0131nda t\u00fcm zamanlar\u0131n en y\u00fcksek seviyelerine ula\u015fm\u0131\u015ft\u0131r. Bu performans, \u00f6zellikle yar\u0131 iletken i\u015f kolundaki ola\u011fan\u00fcst\u00fc toparlanma ile desteklenmi\u015ftir.<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Finansal Metrik<\/td>\n<td>De\u011fer (Q4 2025)<\/td>\n<td>\u00c7eyrekten \u00c7eyre\u011fe De\u011fi\u015fim<\/td>\n<td>Notlar<\/td>\n<\/tr>\n<tr>\n<td><b>Konsolide Gelir<\/b><\/td>\n<td>93,8 trilyon KRW<\/td>\n<td>+%9<\/td>\n<td>\u015eirket tarihinin en y\u00fcksek \u00e7eyreklik geliri.<\/td>\n<\/tr>\n<tr>\n<td><b>Faaliyet Kar\u0131<\/b><\/td>\n<td>20,1 trilyon KRW<\/td>\n<td>+7,9 trilyon KRW<\/td>\n<td>\u015eirket tarihinin en y\u00fcksek \u00e7eyreklik faaliyet kar\u0131.<\/td>\n<\/tr>\n<tr>\n<td><b>Faaliyet Kar Marj\u0131<\/b><\/td>\n<td>%21,4<\/td>\n<td>+%7,3 puan<\/td>\n<td>Bellek (Memory) i\u015f kolundaki g\u00fc\u00e7l\u00fc karl\u0131l\u0131k art\u0131\u015f\u0131yla y\u00fckseldi.<\/td>\n<\/tr>\n<tr>\n<td><b>Ar-Ge Yat\u0131r\u0131mlar\u0131<\/b><\/td>\n<td>10,9 trilyon KRW<\/td>\n<td>+2 trilyon KRW<\/td>\n<td>Y\u0131ll\u0131k toplam Ar-Ge yat\u0131r\u0131m\u0131 37,7 trilyon KRW ile rekor k\u0131rd\u0131.<\/td>\n<\/tr>\n<tr>\n<td><b>SG&amp;A Giderleri<\/b><\/td>\n<td>24,2 trilyon KRW<\/td>\n<td>+2,9 trilyon KRW<\/td>\n<td>Sat\u0131\u015flar\u0131n y\u00fczdesi olarak %25,8&#8217;e y\u00fckseldi.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><b>Performans\u0131 Etkileyen Fakt\u00f6rler:<\/b><\/p>\n<ul>\n<li><b>DS (Cihaz \u00c7\u00f6z\u00fcmleri) B\u00f6l\u00fcm\u00fc:<\/b> HBM ve di\u011fer y\u00fcksek katma de\u011ferli \u00fcr\u00fcnlerin sat\u0131\u015flar\u0131ndaki art\u0131\u015f sayesinde \u00e7eyrekten \u00e7eyre\u011fe %33 gelir art\u0131\u015f\u0131 kaydetti. Bellek i\u015f kolu, bir \u00f6nceki \u00e7eyrekte k\u0131rd\u0131\u011f\u0131 rekoru a\u015farak yeni bir \u00e7eyreklik gelir rekoru elde etti.<\/li>\n<li><b>DX (Cihaz Deneyimi) B\u00f6l\u00fcm\u00fc:<\/b> Yeni ak\u0131ll\u0131 telefon lansmanlar\u0131n\u0131n azalan etkisi ve ABD tarifeleri sonras\u0131 ev aletleri pazar\u0131ndaki zay\u0131fl\u0131k nedeniyle \u00e7eyrekten \u00e7eyre\u011fe %8 gelir d\u00fc\u015f\u00fc\u015f\u00fc ya\u015fad\u0131.<\/li>\n<li><b>Kur Etkisi:<\/b> ABD dolar\u0131 ve di\u011fer para birimlerindeki keskin de\u011fer art\u0131\u015f\u0131, \u00f6zellikle bile\u015fen i\u015f kollar\u0131nda olmak \u00fczere \u015firket genelindeki faaliyet kar\u0131na yakla\u015f\u0131k 1,6 trilyon KRW pozitif katk\u0131 sa\u011flad\u0131.<\/li>\n<\/ul>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h2>2. \u0130\u015f Birimi Baz\u0131nda Performans ve 2026 Beklentileri<\/h2>\n<h3>2.1. DS (Cihaz \u00c7\u00f6z\u00fcmleri) B\u00f6l\u00fcm\u00fc<\/h3>\n<p>DS B\u00f6l\u00fcm\u00fc, AI talebinin y\u00f6nlendirdi\u011fi g\u00fc\u00e7l\u00fc bir d\u00f6rd\u00fcnc\u00fc \u00e7eyrek ge\u00e7irdi ve 2026&#8217;da bu ivmeyi s\u00fcrd\u00fcrmeyi hedefliyor. \u015eirket, mant\u0131k, bellek, d\u00f6k\u00fcm (foundry) ve geli\u015fmi\u015f paketlemeyi bir arada sunan &#8220;tek durak \u00e7\u00f6z\u00fcm&#8221; (one-stop solution) sa\u011flay\u0131c\u0131s\u0131 olarak konumunu g\u00fc\u00e7lendirmeyi ama\u00e7lamaktad\u0131r.<\/p>\n<h4>Bellek (Memory)<\/h4>\n<ul>\n<li><b>Q4 2025 Performans\u0131:<\/b> Sunucu talebi, \u00f6zellikle AI pazar\u0131nda erken hakimiyet kurma yar\u0131\u015f\u0131ndaki hiper \u00f6l\u00e7ekli \u015firketlerin artan CAPEX harcamalar\u0131 nedeniyle sekt\u00f6r arz\u0131n\u0131 \u00f6nemli \u00f6l\u00e7\u00fcde a\u015ft\u0131. \u015eirket, HBM sat\u0131\u015flar\u0131n\u0131 geni\u015fleterek ve y\u00fcksek yo\u011funluklu DDR5, LPDDR5X ve sunucu SSD&#8217;leri gibi y\u00fcksek katma de\u011ferli \u00fcr\u00fcnlere odaklanarak karl\u0131l\u0131\u011f\u0131n\u0131 art\u0131rd\u0131.\n<ul>\n<li><b>DRAM ASP (Ortalama Sat\u0131\u015f Fiyat\u0131):<\/b> \u00c7eyrekten \u00e7eyre\u011fe yakla\u015f\u0131k %40 artt\u0131.<\/li>\n<li><b>NAND ASP:<\/b> Sunucu odakl\u0131 \u00fcr\u00fcn karmas\u0131 ve piyasa fiyatlar\u0131ndaki art\u0131\u015fla \u00e7eyrekten \u00e7eyre\u011fe %20&#8217;lerin ortas\u0131nda bir art\u0131\u015f g\u00f6sterdi.<\/li>\n<\/ul>\n<\/li>\n<li><b>2026 Beklentileri:<\/b> AI uygulamalar\u0131na y\u00f6nelik talebin g\u00fc\u00e7l\u00fc kalmas\u0131 bekleniyor. \u00d6zellikle HPM4 pazar\u0131n\u0131n dramatik bir \u015fekilde b\u00fcy\u00fcmesi ve sunucu DRAM&#8217;lerinde y\u00fcksek yo\u011funluk trendinin devam etmesi \u00f6ng\u00f6r\u00fcl\u00fcyor.\n<ul>\n<li><b>Strateji:<\/b> \u015eirket, HBM4 arz\u0131n\u0131 zaman\u0131nda geni\u015fleterek, y\u00fcksek yo\u011funluklu DDR5, GDDR7 gibi AI ile ilgili \u00fcr\u00fcnlerin oran\u0131n\u0131 art\u0131rarak ve V9 tabanl\u0131 y\u00fcksek performansl\u0131 \u00fcr\u00fcnlerle PCIe Gen6 sunucu pazar\u0131nda liderli\u011fi hedefleyerek AI d\u00f6nemine \u00f6nc\u00fcl\u00fck etmeyi planl\u0131yor.<\/li>\n<li><b>HBM Sat\u0131\u015flar\u0131:<\/b> 2026&#8217;da HBM sat\u0131\u015flar\u0131n\u0131n y\u0131ldan y\u0131la \u00fc\u00e7 kattan fazla artmas\u0131 bekleniyor. M\u00fc\u015fteri talebi mevcut arz\u0131 a\u015f\u0131yor ve \u015firket, artan talebi kar\u015f\u0131lamak i\u00e7in kapasiteyi proaktif olarak geni\u015fletiyor.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h4>System LSI<\/h4>\n<ul>\n<li><b>Q4 2025 Performans\u0131:<\/b> B\u00fcy\u00fck m\u00fc\u015fterilerdeki mevsimsel talep dalgalanmalar\u0131 nedeniyle kazan\u00e7lar \u00e7eyrekten \u00e7eyre\u011fe d\u00fc\u015ft\u00fc. Ancak 200 megapiksel ve 50 megapiksel g\u00f6r\u00fcnt\u00fc sens\u00f6rlerinin sat\u0131\u015flar\u0131n\u0131n artmas\u0131yla g\u00f6r\u00fcnt\u00fc sens\u00f6r\u00fc geliri b\u00fcy\u00fcd\u00fc.<\/li>\n<li><b>2026 Beklentileri:<\/b> Ak\u0131ll\u0131 telefon pazar\u0131nda genel bir yumu\u015fama beklenirken, b\u00fcy\u00fcme f\u0131rsatlar\u0131n\u0131n premium segmentte yo\u011funla\u015faca\u011f\u0131 \u00f6ng\u00f6r\u00fcl\u00fcyor. Cihaz i\u00e7i AI (on-device AI) geni\u015fledik\u00e7e, ilgili yar\u0131 iletkenlere olan talebin artmas\u0131 bekleniyor. \u015eirket, \u00f6zel SoC (System on a Chip) i\u015finde yeni f\u0131rsatlar ke\u015ffederken, 200 megapiksel g\u00f6r\u00fcnt\u00fc sens\u00f6r\u00fc serisini geni\u015fleterek kazan\u00e7lar\u0131n\u0131 art\u0131rmaya odaklanacak.<\/li>\n<\/ul>\n<h4>Foundry (D\u00f6k\u00fcm)<\/h4>\n<ul>\n<li><b>Q4 2025 Performans\u0131:<\/b> AI ve HPC (Y\u00fcksek Ba\u015far\u0131ml\u0131 Bili\u015fim) uygulamalar\u0131ndan gelen g\u00fc\u00e7l\u00fc talep, geli\u015fmi\u015f nodlarda b\u00fcy\u00fcmeyi s\u00fcrd\u00fcrd\u00fc. Birinci nesil 2-nano \u00fcr\u00fcnlerin seri \u00fcretimine ba\u015fland\u0131 ve 4-nano HBM tabanl\u0131 kal\u0131p \u00fcr\u00fcnlerin sevkiyat\u0131 ba\u015flad\u0131. ABD ve \u00c7inli m\u00fc\u015fterilerden gelen g\u00fc\u00e7l\u00fc taleple gelir artt\u0131.<\/li>\n<li><b>2026 Beklentileri:<\/b> 3-nano ve 2-nano s\u00fcre\u00e7lerinin tam \u00f6l\u00e7ekli seri \u00fcretime girmesiyle, \u00f6zellikle AI ve HPC uygulamalar\u0131 \u00f6nc\u00fcl\u00fc\u011f\u00fcnde geli\u015fmi\u015f nodlara olan talebin g\u00fc\u00e7l\u00fc kalmas\u0131 bekleniyor. \u015eirket, geli\u015fmi\u015f nodlara odaklanarak \u00e7ift haneli y\u0131ll\u0131k gelir art\u0131\u015f\u0131 hedefliyor.\n<ul>\n<li><b>Yol Haritas\u0131:<\/b> \u0130kinci nesil 2-nano s\u00fcrecine dayal\u0131 yeni \u00fcr\u00fcnlerin seri \u00fcretimine y\u0131l\u0131n ikinci yar\u0131s\u0131nda ba\u015flanacak. ABD&#8217;deki Taylor fabrikas\u0131n\u0131n in\u015faat\u0131 planland\u0131\u011f\u0131 gibi ilerliyor ve bu y\u0131l faaliyete ge\u00e7mesi hedefleniyor. 1.4-nano s\u00fcrecinin ise 2029&#8217;da seri \u00fcretime ge\u00e7mesi planlan\u0131yor.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h3>2.2. DX (Cihaz Deneyimi) B\u00f6l\u00fcm\u00fc<\/h3>\n<p>DX B\u00f6l\u00fcm\u00fc, artan bile\u015fen maliyetleri ve yo\u011fun rekabet gibi zorluklarla kar\u015f\u0131 kar\u015f\u0131ya olsa da, AI teknolojilerini t\u00fcm \u00fcr\u00fcn ve hizmet ekosistemine entegre ederek &#8220;AI d\u00f6n\u00fc\u015f\u00fcm\u00fc&#8221; \u00e7a\u011f\u0131nda lider olmay\u0131 hedefliyor.<\/p>\n<h4>MX (Mobile eXperience)<\/h4>\n<ul>\n<li><b>Q4 2025 Performans\u0131:<\/b> Yeni model lansmanlar\u0131n\u0131n etkisinin azalmas\u0131yla gelir ve kar bir \u00f6nceki \u00e7eyre\u011fe g\u00f6re d\u00fc\u015ft\u00fc. \u00c7eyrekte 60 milyon ak\u0131ll\u0131 telefon ve 6 milyon tablet sevkiyat\u0131 yap\u0131ld\u0131. Ak\u0131ll\u0131 telefon ASP&#8217;si 244$ oldu. Y\u0131ll\u0131k bazda ise katlanabilir serinin g\u00fc\u00e7l\u00fc b\u00fcy\u00fcmesi sayesinde \u00e7ift haneli karl\u0131l\u0131k elde edildi.<\/li>\n<li><b>2026 Beklentileri:<\/b> Ak\u0131ll\u0131 telefon pazar\u0131n\u0131n hacim olarak sabit kalmas\u0131, ancak gelirde m\u00fctevaz\u0131 bir b\u00fcy\u00fcme ya\u015famas\u0131 bekleniyor.\n<ul>\n<li><b>Strateji:<\/b> \u015eirket, Galaxy S26 lansman\u0131yla AI deneyimlerini \u00f6n plana \u00e7\u0131kararak amiral gemisi sat\u0131\u015flar\u0131n\u0131 art\u0131rmaya odaklanacak. Aral\u0131k 2025&#8217;te piyasaya s\u00fcr\u00fclen Trifold gibi form fakt\u00f6r\u00fc yenilikleriyle katlanabilir cihazlardaki liderli\u011fini peki\u015ftirmeyi planl\u0131yor. XR (Geni\u015fletilmi\u015f Ger\u00e7eklik) alan\u0131nda yeni nesil AR g\u00f6zl\u00fckleri gibi \u00e7e\u015fitli form fakt\u00f6rleriyle zengin AI deneyimleri sunulmas\u0131 hedefleniyor.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h4>VD (Visual Display) &amp; Ev Aletleri<\/h4>\n<ul>\n<li><b>Q4 2025 Performans\u0131:<\/b> TV pazar\u0131nda, y\u0131l sonu yo\u011fun sezonu sayesinde premium Neo QLED ve OLED \u00fcr\u00fcnlerinin g\u00fc\u00e7l\u00fc sat\u0131\u015flar\u0131yla bir \u00f6nceki \u00e7eyre\u011fe g\u00f6re sonu\u00e7lar iyile\u015fti.<\/li>\n<li><b>2026 Beklentileri:<\/b> K\u0131\u015f Olimpiyatlar\u0131 ve D\u00fcnya Kupas\u0131 gibi k\u00fcresel spor etkinliklerinin etkisiyle TV pazar\u0131nda ilk yar\u0131da m\u00fctevaz\u0131 bir b\u00fcy\u00fcme bekleniyor.\n<ul>\n<li><b>Strateji:<\/b> \u015eirket, CES&#8217;te tan\u0131t\u0131lan &#8220;Vision AI Companion&#8221; konseptiyle AI TV&#8217;lerin farkl\u0131la\u015ft\u0131r\u0131lm\u0131\u015f de\u011ferini vurgulayacak. S\u00fcper b\u00fcy\u00fck Micro RGB TV gibi yeni modellerle sat\u0131\u015flar\u0131 ve karl\u0131l\u0131\u011f\u0131 art\u0131rmay\u0131 hedefliyor.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h3>2.3. Samsung Display Corporation (SDC)<\/h3>\n<ul>\n<li><b>Q4 2025 Performans\u0131:<\/b> \u00dcst d\u00fczey ak\u0131ll\u0131 telefon sat\u0131\u015flar\u0131ndaki art\u0131\u015f ve istikrarl\u0131 tedarik kabiliyeti sayesinde mobil ekran i\u015f kolunda sa\u011flam bir sonu\u00e7 elde edildi.<\/li>\n<li><b>2026 Beklentileri:<\/b> Bellek fiyatlar\u0131ndaki art\u0131\u015flar nedeniyle ak\u0131ll\u0131 telefon pazar\u0131nda talep belirsizli\u011fi ve panel fiyat bask\u0131s\u0131 bekleniyor. \u015eirket, bu y\u0131l faaliyete ge\u00e7mesi planlanan 8.6 nesil IT OLED hatt\u0131n\u0131n seri \u00fcretimiyle gelir art\u0131\u015f\u0131 sa\u011flamay\u0131 ve QD-OLED performans avantajlar\u0131yla premium pazardaki liderli\u011fini s\u00fcrd\u00fcrmeyi hedefliyor.<\/li>\n<\/ul>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h2>3. Stratejik Y\u00f6nelim ve B\u00fcy\u00fcme Motorlar\u0131<\/h2>\n<p>Samsung, 2026 y\u0131l\u0131nda devam etmesi beklenen k\u00fcresel ticaret engelleri ve jeopolitik belirsizliklere kar\u015f\u0131 proaktif bir duru\u015f sergileyecektir.<\/p>\n<ul>\n<li><b>AI Liderli\u011fi:<\/b> DS B\u00f6l\u00fcm\u00fc, mant\u0131k, bellek, d\u00f6k\u00fcm ve paketlemeyi birle\u015ftiren &#8220;tek durak \u00e7\u00f6z\u00fcm&#8221; yetene\u011fiyle AI yar\u0131 iletken pazar\u0131ndaki liderli\u011fini g\u00fcvence alt\u0131na alacak. DX B\u00f6l\u00fcm\u00fc, t\u00fcm cihaz ve hizmet ekosisteminde AI teknolojilerini yayg\u0131nla\u015ft\u0131racak.<\/li>\n<li><b>Stratejik Sat\u0131n Almalar:<\/b> HVAC&#8217;ta Flat Group, ADAS&#8217;ta ZF, dijital sa\u011fl\u0131kta ZELS ve ses alan\u0131nda Meshmo gibi sat\u0131n almalarla yeni b\u00fcy\u00fcme alanlar\u0131 g\u00fcvence alt\u0131na al\u0131nd\u0131.<\/li>\n<li><b>Gelece\u011fin B\u00fcy\u00fcme Motorlar\u0131:<\/b> HVAC, otomotiv elektroni\u011fi, t\u0131p teknolojisi ve robotik gibi alanlara yat\u0131r\u0131mlar devam edecek. \u00d6zellikle insans\u0131 robotik i\u015finde somut ilerleme kaydedilmesi hedefleniyor.<\/li>\n<li><b>Operasyonel Verimlilik:<\/b> \u015eirket genelinde AI odakl\u0131 inovasyon ve dijital ikiz teknolojileri benimsenerek s\u00fcre\u00e7ler g\u00fc\u00e7lendirilecek ve maliyet verimlili\u011fi art\u0131r\u0131lacak.<\/li>\n<\/ul>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h2>4. Sermaye Harcamalar\u0131 (CAPEX) ve S\u00fcrd\u00fcr\u00fclebilirlik<\/h2>\n<ul>\n<li><b>CAPEX:<\/b>\n<ul>\n<li><b>Q4 2025:<\/b> Toplam CAPEX, bir \u00f6nceki \u00e7eyre\u011fe g\u00f6re 11,2 trilyon KRW artarak 20,4 trilyon KRW&#8217;ye ula\u015ft\u0131. Bunun 19 trilyon KRW&#8217;si DS B\u00f6l\u00fcm\u00fc&#8217;ne aitti.<\/li>\n<li><b>Y\u0131l\u0131n Tamam\u0131 2025:<\/b> Toplam CAPEX, bir \u00f6nceki y\u0131la g\u00f6re 1 trilyon KRW azalarak 52,7 trilyon KRW oldu.<\/li>\n<li><b>2026 Plan\u0131:<\/b> Piyasa g\u00f6r\u00fcn\u00fcm\u00fc dikkate al\u0131nd\u0131\u011f\u0131nda, \u00f6zellikle bellek (memory) CAPEX&#8217;inin artmas\u0131 bekleniyor. Yat\u0131r\u0131mlar, gelecekteki talebe yan\u0131t vermek i\u00e7in proaktif olarak yeni fabrika alanlar\u0131 ve temiz odalar g\u00fcvence alt\u0131na almaya odaklanacak.<\/li>\n<\/ul>\n<\/li>\n<li><b>S\u00fcrd\u00fcr\u00fclebilirlik:<\/b>\n<ul>\n<li><b>Helyum Geri Kullan\u0131m Sistemi:<\/b> Yar\u0131 iletken \u00fcretiminde kullan\u0131lan ve ithalata ba\u011f\u0131ml\u0131l\u0131\u011f\u0131 y\u00fcksek olan helyumu geri kazanmak ve yeniden kullanmak i\u00e7in sekt\u00f6rde bir ilk olan bir sistem geli\u015ftirildi. Bu sistemle y\u0131ll\u0131k t\u00fcketim yakla\u015f\u0131k 4,7 ton azalt\u0131larak %19&#8217;luk bir yeniden kullan\u0131m oran\u0131na ula\u015f\u0131ld\u0131.<\/li>\n<li><b>SmartThings AI Enerji Tasarrufu Modu:<\/b> Carbon Trust ile yap\u0131lan i\u015f birli\u011fiyle, 126 \u00fclkede 187.000 \u00e7ama\u015f\u0131r makinesinde yap\u0131lan \u00f6l\u00e7\u00fcmler, bu modun yakla\u015f\u0131k %30 enerji tasarrufu sa\u011flad\u0131\u011f\u0131n\u0131 do\u011frulad\u0131. Bu, 5,02 gigawatt-saatlik bir tasarrufa denk geliyor.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h2>5. Hissedar Getirileri<\/h2>\n<p>Y\u00f6netim Kurulu, 2024-2026 hissedar getiri politikas\u0131 \u00e7er\u00e7evesinde a\u015fa\u011f\u0131daki kararlar\u0131 onaylam\u0131\u015ft\u0131r:<\/p>\n<ul>\n<li><b>Temett\u00fc:<\/b>\n<ul>\n<li><b>Q4 2025 Temett\u00fcs\u00fc:<\/b> Adi hisse ba\u015f\u0131na 566 KRW, imtiyazl\u0131 hisse ba\u015f\u0131na 567 KRW.<\/li>\n<li><b>Ek Temett\u00fc:<\/b> H\u00fck\u00fcmetin y\u00fcksek temett\u00fc veren \u015firketlere y\u00f6nelik vergi te\u015fviki program\u0131n\u0131n gerekliliklerini kar\u015f\u0131lamak amac\u0131yla 1.331 KRW&#8217;lik ek temett\u00fc beyan edildi.<\/li>\n<li><b>Y\u0131ll\u0131k Taahh\u00fct:<\/b> \u015eirket, 2024-2026 d\u00f6nemi i\u00e7in y\u0131ll\u0131k toplam 9,8 trilyon KRW tutar\u0131nda d\u00fczenli temett\u00fc \u00f6deme taahh\u00fcd\u00fcn\u00fc s\u00fcrd\u00fcrmektedir.<\/li>\n<\/ul>\n<\/li>\n<li><b>Hazine Hisseleri:<\/b> Halihaz\u0131rda tutulan hazine hisselerinin iptal takvimi, 2026&#8217;n\u0131n ilk \u00e7eyre\u011finde Y\u00f6netim Kurulu taraf\u0131ndan kararla\u015ft\u0131r\u0131l\u0131p kamuoyuna a\u00e7\u0131klanacakt\u0131r. 2025&#8217;te elde edilen 8,2 trilyon KRW de\u011ferindeki hissenin 6,6 trilyon KRW&#8217;lik k\u0131sm\u0131 iptal edilecektir.<\/li>\n<li><b>Serbest Nakit Ak\u0131\u015f\u0131:<\/b> 2025 y\u0131l\u0131 i\u00e7in \u015firketin serbest nakit ak\u0131\u015f\u0131 yakla\u015f\u0131k 36,5 trilyon KRW olarak ger\u00e7ekle\u015fmi\u015f olup, bunun %50&#8217;si olan 18,3 trilyon KRW hissedar getirilerinin temelini olu\u015fturmaktad\u0131r.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Samsung Electronics, 2025 y\u0131l\u0131n\u0131n son \u00e7eyre\u011finde **93,8 trilyon wonluk rekor gelirle** teknoloji d\u00fcnyas\u0131ndaki sars\u0131lmaz konumunu bir kez daha kan\u0131tlad\u0131. Yapay zeka devriminin merkezinde yer alan **HBM teknolojileri ve yar\u0131 iletkenlerdeki %33&#8217;l\u00fck b\u00fcy\u00fcme**, bu ba\u015far\u0131n\u0131n ana itici g\u00fc\u00e7leri oldu. HBM4 seri \u00fcretiminden 2026&#8217;da gelecek olan Galaxy S26 serisine kadar, Samsung&#8217;un inovasyon ve s\u00fcrd\u00fcr\u00fclebilirlik odakl\u0131 gelecek vizyonuna dair t\u00fcm detaylar\u0131 blog yaz\u0131m\u0131zda inceleyin.&#8221;<\/p>\n","protected":false},"author":1,"featured_media":101,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[16],"class_list":["post-99","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analisttoplantisi","tag-ssnlf"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/marketriskustr\/wp-json\/wp\/v2\/posts\/99","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tabildot.com.tr\/marketriskustr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tabildot.com.tr\/marketriskustr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketriskustr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketriskustr\/wp-json\/wp\/v2\/comments?post=99"}],"version-history":[{"count":2,"href":"https:\/\/tabildot.com.tr\/marketriskustr\/wp-json\/wp\/v2\/posts\/99\/revisions"}],"predecessor-version":[{"id":102,"href":"https:\/\/tabildot.com.tr\/marketriskustr\/wp-json\/wp\/v2\/posts\/99\/revisions\/102"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketriskustr\/wp-json\/wp\/v2\/media\/101"}],"wp:attachment":[{"href":"https:\/\/tabildot.com.tr\/marketriskustr\/wp-json\/wp\/v2\/media?parent=99"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketriskustr\/wp-json\/wp\/v2\/categories?post=99"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketriskustr\/wp-json\/wp\/v2\/tags?post=99"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}