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Reports Say BABA-W (09988.HK), TENCENT (00700.HK) and Others Seek Long-term Supply Agreements With Samsung and SK Hynix
2026-10-28 13:15:50 According to South Korea's Maeil Business Newspaper, following US tech giants, major Chinese cloud service providers (CSPs), including BABA-W (09988.HK), TENCENT (00700.HK) and ByteDance, have sought long-term agreements (LTAs) with Samsung Electronics and SK Hynix for server memory supply. It is understood that some clients are seeking ultra-long-term contracts for memory supply lasting as long as 10 years through 2035, exceeding the usual three- to five-year long-term supply period. China also has memory manufacturers such as CXMT (688825.SH) and Yangtze Memory Technologies (YMTC), but they are considered to lag behind South Korean companies in product competitiveness and mass-production scale for high-performance server memory. The difficulties faced by Chinese CSPs in procuring the required memory domestically are also believed to be one of the reasons they are seeking long-term agreements with South Korean companies.(su/ad)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |