Huh. It looks like Micron managed to lock in these contracts because companies are scared that prices will continue to rise. But in doing that, Micron has managed to lock themselves in a comfortably high floor price, potentially for longer than the boom is going to last. Big win for Micron.

▲

potatototoo99 7 hours ago | parent [-]

The article says they locked in floor prices, so they can even continue to climb is what I understood. So maybe they are buying capacity instead.

	▲	LoganDark 7 hours ago \| parent [-]
		Well, I didn't say the price is fixed. Just that even if the boom goes away, Micron will have their price floor. The benefit to a customer signing a contract like that, of course, is the price ceiling. But indeed, prices can continue to grow within that range.