Apple reaches long-term NAND memory supply deal

While it isn’t likely to fix the price problem, a new memory supply deal may at least guarantee Apple has enough of it to put inside its products.

South Korea’s Economy Tribune tells us that Apple has reached a long-term NAND supply deal, potentially with a long-term Japanese supplier, Kioxia.

Reflecting the importance of memory supply, Apple has reached a multiyear deal with volume and pricing teals undisclosed. It is not known for certain that Kioxia is the other party, but the report cites sources who describe this as likely. 

Market watchers are curious to see if Apple will reach similar long-term deals for DRAM. It is also interesting that Apple’s new deal has no price cap.

A TrendForce report also claims Samsung Electronics and SK Hynix will jointly supply 70% of the iPhone Ultra’s 12GB LPDDR5 DRAM, with the remainder coming from Micron. TrendForce last week predicted memory costs for the new iPhone Pro model will be 400% higher than a year earlier.

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