7/102 sources · 2 publishersUpdated Oct 29, 04:00 UTC
Samsung Electronics signs long‑term memory supply deals covering up to 70% of capacity by 2030
Samsung Electronics announced long‑term memory chip supply agreements with ten major customers and said it is finalising similar deals with another ten. The contracts run for up to five years and are intended to lock 60‑70% of the company’s memory production capacity by 2030. Samsung expects the agreements to provide stable demand through the next decade.
Why it matters
The company says the contracts will give it demand visibility and support earnings through 2030 ().
Key facts
- 1Samsung Electronics signed long‑term agreements with ten major customers. biz.chosun.com
- 2It is in final negotiations with another ten customers. biz.chosun.com
- 3The agreements have terms of up to five years. en.sedaily.com
- 4The deals are expected to cover 60‑70% of its memory production capacity by 2030. biz.chosun.com
- 5The target year for the capacity coverage is 2030. biz.chosun.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.