Biwin Locks in Volume and Price with a $1.86 Billion Purchase of Enterprise Flash Chips

Biwin announced that it has signed a routine procurement contract with a memory chip manufacturer. Under the agreement, Biwin will purchase enterprise-grade flash chips from the supplier at specified volumes, prices, and timelines. The total committed procurement amount is $1.8608 billion, featuring locked-in volume and price over a 24-month commitment period. As stipulated in the agreement, the contract applies to both parties as well as their respective subsidiaries under their control. The term of the contract runs from its effective date until June 30, 2028.