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Samsung Electronics Considers Extending Current Memory Chip Contracts to 3-5 Yrs: Wire
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Samsung Electronics (SSNLF.US) is considering extending its memory chip contracts from the current quarterly or annual agreements to 3-5 years, as demand surge for AI memory chips is expected to persist throughout 2026, Bloomberg reported, citing remarks from Co-CEO Jun Young-hyun at the annual general meeting. According to the report, SK Hynix, Samsung, and Micron Technology (MU.US) jointly lead the global supply of memory chips. In recent years, these three companies have shifted production towards specialized memory designed for Nvidia (NVDA.US) AI accelerators, resulting in a shortage of traditional storage products. AAStocks Financial News |
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