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Institution: Micron's Long-Term Agreements Mitigate Industry Cyclical Fluctuations
2 day ago /
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Author：小编
On June 25, Ben Barringer, a strategist at Quilter Cheviot, pointed out that Micron Technology's strong performance indicates that the traditionally cyclical memory chip market is stabilizing. The results once again demonstrate that demand for memory chips far exceeds supply. More importantly, Micron Technology's long-term agreements with customers provide the group with more stable earnings and reduce the impact of demand fluctuations. These agreements set price floors and ceilings and require customers to commit to accepting supply, thereby smoothing out this historically highly cyclical market.
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