Chinese Tech Giants Seek 10-Year Memory Chip Supply Deals Amid Surging AI Demand

Major Chinese cloud service providers, including Alibaba, Baidu, Tencent, and ByteDance, are reportedly seeking long-term memory supply contracts extending through 2035 with leading manufacturers like Samsung Electronics and SK hynix. This move reflects intensifying AI-driven demand for server-grade memory such as DDR5 and LPDDR5X, potentially reshaping global semiconductor supply relationships and pricing power.