Key facts
- Chinese memory module maker Biwin signed a $1.86 billion deal for flash memory chips.
- The two-year agreement spans from Q3 2026 to Q2 2028.
- The contract value exceeds Biwin's projected 2025 revenue of $1.7 billion.
- The deal aims to secure supply amid high demand from AI servers and data centers.
- The supplier was not disclosed due to confidentiality.
Chinese memory module maker Biwin has secured a significant supply of flash memory chips through a two-year agreement valued at $1.86 billion, a sum larger than its projected annual revenue. The deal, which runs from the third quarter of 2026 to the second quarter of 2028, is structured as a locked-volume, locked-price arrangement for enterprise-grade chips.
Biwin stated that the contract is intended to guarantee medium- to long-term capacity and delivery schedules, thereby mitigating risks associated with market fluctuations. The company's 2025 revenue is estimated at 11.3 billion yuan ($1.7 billion), making the 12.6 billion yuan ($1.86 billion) deal substantially larger. This move highlights a trend among Chinese downstream storage firms to proactively secure upstream supply during the current memory upcycle.
The arrangement underscores the intense demand for memory chips, driven by the burgeoning needs of artificial intelligence servers and data centers, which are currently straining global supply chains.