Micron Secures $22 Billion in Long-Term Memory Chip Deals as AI Drives Shift Away From Spot Buying

Micron locked in $22 billion in customer commitments for memory chips through 2030, driven by sustained demand from companies building AI infrastructure. The move signals a structural shift: buyers are moving away from buying chips on the open market toward long-term contracts with fixed prices and guaranteed volumes. Advanced chip capacity won't catch up for years, keeping prices elevated.