Biwin Secures $1.86 Billion 3D NAND Supply Deal Amid Shortage

Chinese SSD and memory module manufacturer Biwin has announced a two-year contract for 3D NAND supplies worth $1.86 billion. The agreement, disclosed in the company’s filing with the Shanghai Stock Exchange, will take effect on June 30, 2026. Pricing and memory volumes are fixed, protecting Biwin from fluctuations in the spot market, where NAND shortages continue to worsen.

The contract’s value exceeds half of Biwin’s annual revenue, highlighting the severity of market conditions. Similar moves have been made by other SSD producers seeking to safeguard their supply chains amid escalating risks. Experts note that the spot market may shrink as companies increasingly opt for long-term agreements (LTAs) to secure guaranteed deliveries.

Despite substantial investments, the contract covers only part of Biwin’s memory needs. In 2026, supply volumes will account for 4.45% of the company’s total 2025 procurement, rising to 14.88% in 2027. This reflects surging NAND prices and the need for early supply commitments. Biwin states that the deal’s risks are manageable, given its business scale and long-term strategy.

Biwin holds roughly 10% of the global SSD market, trailing leaders like Kingston and in-house memory manufacturers. The new contract could help the company strengthen its position and ensure stable supplies for major clients, including hyperscalers requiring guaranteed production volumes.