Samsung Electronics has signed a long-term contract for 75% to 80% of its storage supply next year

South Korean media disclosed that Samsung Electronics has reached a number of long-term agreements on the supply of storage products in 2024, which is expected to cover 75%-80% of the total, of which high-bandwidth memory (HBM) will become a key area of cooperation. The report pointed out that Samsung Electronics has completed major contract signing with technology giants such as Nvidia, Google, and Microsoft. At the same time, SK Hynix and Micron are also advancing supply agreement negotiations and are signing a series of large long-term procurement contracts with core customers. According to industry sources, Samsung Electric is in final negotiations with Delta Electronics on a supply agreement for multilayer ceramic capacitors worth 700 billion won.