Samsung Electronics said on Thursday, "We have completed long-term supply agreements (LTAs) with 10 major customers," adding, "We are currently in negotiations for LTA contracts with another 10 key customers, and negotiations with some of them have already reached the final stage."
The company further explained, "A notable point is that as demand from customers seeking to secure stable long-term supply increases, the scope of customers under long-term supply agreements is expanding beyond companies directly linked to the spread of AI services — such as hyperscalers, server makers, OEMs, and SOC firms — to include a diverse range of customers in sectors such as mobile, automotive, and networking."
The company said, "The possibility of achieving our target for the share of long-term supply contracts — 60% to 70% of production capacity by 2030 — is becoming increasingly tangible," adding, "We believe this will greatly help in establishing a stable business model based on long-term contracts."
In addition, the company said, "For some customers who have already completed their contracts, discussions regarding additional contract extension periods are at the final stage," and noted, "Demand for additional contract extension periods received from current customers is also significantly exceeding our previous expectations."
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