Chinese memory module manufacturer Biwin has entered into a significant two-year agreement valued at $1.86 billion to procure flash memory chips, surpassing its annual revenue. This move comes as the demand from artificial intelligence servers and data centers intensifies, leading to tighter supply conditions. The agreement, which locks in both volume and price, will see Biwin purchasing enterprise-grade chips in batches from the third quarter of 2026 through the second quarter of 2028. The identity of the supplier remains confidential due to commercial reasons. Biwin aims to ensure stable medium- to long-term chip supply and mitigate risks of market-induced disruptions. The deal, which exceeds the mandatory disclosure threshold under Star Market rules, underscores the strategy of Chinese storage firms to secure upstream supplies in the current memory market upcycle. In 2026, the purchase volume will represent 4.45% of Biwin’s NAND flash procurement for 2025, increasing to 14.88% in 2027, with figures for 2028 yet to be disclosed.
Has a Chinese firm secured a memory deal surpassing its own sales?
