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00:02Memory chip makers are pushing investors to see the industry's latest boom as more durable,
00:07according to Reuters. Micron said customers, including NVIDIA, have committed $22 billion
00:13to secure memory chip supplies through five-year taker pay deals. Samsung and SK Hynex have also
00:19signed long-term supply agreements with customers. Analysts said the contracts improve visibility,
00:24but memory stocks remain exposed to sharp swings if demand weakens. Micron said customers are now
00:31treating the company as a strategic partner rather than a commodity supplier. The company said new
00:36factories will take time to build, keeping supply tight until at least 2027. Analysts said the
00:43contracts could be renegotiated or abandoned if demand softens. For all things money, visit Benzinga.com.
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