Samsung (SSNLF) is considering a shift toward multi-year contracts for memory chips to stabilize supply and ease concerns about a shortage and it may lengthen contracts from quarterly or annual agreements to as much as three to five years, according to co-CEO Jun Young-hyun, Bloomberg’s Yoolim Lee reports. A global shortage of memory chips is expected to persist, with SK Group Chairman Chey Tae-won saying it may last another four to five years due to constraints in semiconductor production, Lee writes.
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