Chinese memory firm Biwin signs $1.86B deal exceeding its revenue
Biwin, a Chinese memory chip manufacturer, has entered into a multi-year flash memory agreement worth $1.86 billion with an unnamed supplier, a figure exceeding the company's projected revenue of 11.3 billion yuan ($1.7 billion) for 2025. This locked-volume, locked-price contract involves the procurement of enterprise-grade chips in batches from Q3 2026 to Q2 2028, as revealed in a filing with the Shanghai Stock Exchange. The purpose of the agreement is to secure delivery timelines and production capacity over the medium to long term, thereby mitigating risks associated with supply disruptions amid market volatility. In 2026, the contract's purchase volume will account for 4.45% of Biwin's NAND flash procurement for 2025, increasing to 14.88% in 2027, driven by rising demand from AI servers and data centers.
Key facts
- Biwin signed a $1.86 billion multi-year flash memory deal.
- The deal value exceeds Biwin's 2025 revenue of 11.3 billion yuan ($1.7 billion).
- The supplier is undisclosed due to commercial confidentiality.
- The contract covers enterprise-grade chips from Q3 2026 to Q2 2028.
- The arrangement is locked-volume and locked-price.
- Biwin aims to secure medium- to long-term capacity and delivery schedules.
- 2026 purchase volume is 4.45% of 2025 NAND flash procurement; 2027 is 14.88%.
- Demand from AI servers and data centers is straining memory chip supply.
Entities
Institutions
- Biwin
- Shanghai Stock Exchange
Locations
- China