tomshardware.com/…/perfect-storm-of-demand-and-su…

OpenAI’s “Stargate” project has recently signed an agreement with Samsung and SK hynix for up to 900,000 wafers of DRAM per month. That figure alone would account for close to 40% of global DRAM output.

High-density NAND products are effectively sold out months in advance. Samsung’s next-generation V9 NAND is already nearly booked before it’s even launched. Micron has presold almost all of its High Bandwidth Memory (HBM) output through 2026. Contracts that once covered a quarter now span years, with hyperscalers buying directly at the source.

If China’s going to compete on AI, it’s going to be doing so with a limited supply of memory, I expect.