Tuesday, 02 January 2024 12:17 GMT

Surging Demand Allows Samsung To Lock Up Nearly All Its Manufacturing Capacity In Supply Deals


Date:

(MENAFN- Investor Brand Network) As the demand for AI memory chips outstrips supply by a wide margin, manufacturers like Samsung Electronics have leveraged the existing circumstances to negotiate long-term supply contracts with their key customers. These contracts have locked up 80 percent of the company's production for 2027.

For now, Samsung and other memory manufacturers are happy to sign lucrative long-term deals with leading tech giants like Nvidia Corp. (NASDAQ: NVDA), Microsoft, Google, and...

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