Biwin Storage Signs $1.5 Billion Wafer Procurement Contract

Biwin Storage (688525) announced on March 25th that it has signed a $1.5 billion procurement contract with a memory chip manufacturer for a period of 24 months (from Q2 2026 to Q1 2028), targeting specific memory wafers. The contract amount exceeds 50% of the company's 2025 revenue and total assets, meeting the disclosure criteria for a major contract. The company stated that this move aims to secure medium- to long-term wafer supply, stabilize procurement costs, and support the steady development of its business.