Apple and Japan's Kioxia signed a long-term supply agreement for NAND flash memory. The report's speculations on the memory market suggest that the contract will last for three to five years, and there may be no price cap. This means that Apple, which has huge bargaining power in memory price negotiations, is putting ensuring a stable supply of NAND flash memory above cost reduction.

Apple and Japan's Kioxia signed a long-term supply agreement for NAND flash memory. The report's speculations on the memory market suggest that the contract will last for three to five years, and there may be no price cap. This means that Apple, which has huge bargaining power in memory price negotiations, is putting ensuring a stable supply of NAND flash memory above cost reduction.