Biwin Signs $1.86B NAND Deal
Biwin, a solid-state drive producer, signed a $1.86 billion 3D NAND memory agreement to secure supply amid shortages, locking in fixed pricing for 24 months
Key points
- Biwin, a well-known producer of solid-state drives and memory modules, signed a two-year agreement worth $1.86 billion
- The agreement exceeds 50% of Biwin's annual revenue, demonstrating commitment to securing NAND supply
- The deal starts on June 30, 2026, with fixed bit volume and pricing for 24 months
- Industry observers believe NAND supply will worsen in 2027, making Biwin's risks manageable
- The agreement represents risks if NAND prices drop in the next two years
Biwin, a prominent solid-state drive and memory module producer, has signed a significant agreement to secure its NAND memory supply. The $1.86 billion deal, announced at Computex 2026 and filed with the Shanghai Stock Exchange, underscores the company's commitment to mitigating the impact of crushing shortages in the industry. With the agreement set to commence on June 30, 2026, Biwin will purchase a fixed volume of 3D NAND memory at a predetermined price over the next 24 months. This strategic move is seen as a proactive measure to navigate the challenges posed by the current market conditions, where spot market prices are volatile and long-term supply agreements are becoming increasingly common. The decision is also reflective of the broader trends in the tech industry, where companies are assuming significant debt to secure essential components.
Sources
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