$MU美光

$MU $DRAM More details on SCAs from Micron Chief Business Officer. "...overwhelming amount of the revenue under SCA is going to be 5-year type of terms through the end of calendar 2030" "Number one, these provide quite a long-term visibility to us." (This has never happened before in the memory industry. So structural shift). "Second, these SCAs are binding commitments on purchases of these volumes by year, by customer." "These are take or pay agreements and there are no contractual outs for our customers from these agreements." "These are very much different terms, very stringent and binding terms on the purchases. These are backed up by tremendous amounts of upfront cash and cash-like commitments, like letters of credit. But the overwhelming amount of the commitment is upfront cash