On June 26, a research report from Sinolink Securities revealed that Micron Technology is vigorously advancing the rollout of its Strategic Customer Agreements (SCAs), with projections indicating that the supply-demand gap will persist. At present, Micron has inked 16 SCAs with its customers, spanning various sectors such as data centers, consumer electronics, and the automotive market. Specifically, the cooperation period with automotive clients spans three years, whereas the duration with other clients typically extends to five years. These agreements already constitute 20% of Micron's DRAM shipments and one-third of its NAND shipments. Notably, the lower end of the price spectrum in the SCAs Micron has signed can still yield profitability that outstrips the peak levels of previous cycles. The company foresees that the supply of DRAM and NAND will stay constrained until 2027. Sinolink Securities holds the view that the memory industry's supply will remain tight, and Micron Technology is poised to sustain high profitability. By forging long-term agreements with downstream customers, Micron Technology is anticipated to mitigate the cyclical volatility in product shipment prices, thereby fostering stability in the company's performance.