Long-term contract covering more than half of production capacity… SK hynix, supply for 2027–2028

SK Hynix has locked in long-term supply agreements with 14 major customers, including cloud service providers, covering more than half of its total production capacity for 2027 and 2028, the company disclosed in its October 28 third-quarter earnings materials. The contracted volume is measured against overall output rather than being specific to high-bandwidth memory (HBM). The company also said it has adopted a mechanism to reflect market conditions within a price range agreed with customers, so long-term contract prices are not fixed across all shipments. The disclosure matters because it gives visibility into revenue well beyond the typical order book, though overseas chipmaker precedents show that secured volume does not guarantee the timing of actual deliveries or revenue recognition. What to watch next is how much of the contracted volume converts into shipments in 2027-2028 and whether the flexible pricing terms hold up if memory market conditions shift.