Overview
- Biwin disclosed on Thursday that it signed a 24-month contract worth US$1.8608 billion to buy 3D NAND flash in batches from Q3 2026 through Q2 2028.
- The agreement fixes both quantity and price, starting June 30, 2026, so Biwin will pay the agreed price regardless of later spot-market moves.
- The deal value exceeds Biwin’s 2025 revenue and covers about 4.45% of its 2025 NAND procurement in 2026 and about 14.88% in 2027, so it secures only part of the company’s needs.
- The supplier was not named in the Shanghai Stock Exchange filing for commercial confidentiality, a common practice in long-term NAND deals.
- Industry observers say large locked-price, locked-volume contracts like this can protect buyers from shortages but may shrink spot-market supply, push prices up for uncommitted buyers, and lead some firms to take on heavy debt to secure chips.