Find XO: Memory Locked in 3–5 Year Cycles, Hardware Founder's BOM after Annual Negotiations End (zdnet.co.kr)

- Micron secured a minimum revenue floor of $100 billion with only 14 out of 16 strategic customer contracts, and 20% of DRAM supply is tied up in long-term contracts. - Samsung and SK Hynix also switched from annual contracts to 3–5 year agreements. - When large customers pay advances to lock in supply first, those costs pass through component prices and cloud inference pricing to smaller companies. - For hardware teams, memory has become more a matter of financing than purchasing.