Memory-chip makers are securing demand years ahead as shortages tied to artificial-intelligence data centers continue. Micron Technology increased its strategic customer agreements from 16 in the second quarter to 26 in the third, lifting the share of projected revenue through 2030 covered by those contracts from about 25% to more than 35%. Some agreements run through 2031, while two existing contracts were extended by a year. Remaining performance obligations rose 50% to $150 billion from $100 billion, and financial commitments including customer deposits increased to $32 billion from $22 billion. About 75% of long-term-contract revenue is protected by preset pricing mechanisms, with the balance repriced periodically at market rates. Samsung Electronics and SK hynix are also expanding five-year supply arrangements with major data-center customers. The stronger demand visibility is prompting Micron to raise fiscal 2027 capital spending above its earlier plan, with annual investment expected to exceed $50 billion.