[Guojin Securities: Micron Technology Advances Long-Term Agreements, Supply-Demand Gap Likely to Persist] Odaily Planet Daily News – Guojin Securities' research report believes that Micron Technology's advancement of long-term agreements (LTAs) is likely to sustain the supply-demand gap. Micron Technology has completed 16 SCAs (Strategic Customer Agreements) with clients, covering downstream sectors such as data centers, consumer electronics, and the automotive market. Among these SCAs, agreements with automotive clients are signed for three years, while agreements with other clients are mostly for five years. The 16 SCAs already account for 20% of Micron Technology's DRAM shipments and one-third of its NAND shipments. The lower end of the price range in these SCAs can deliver profitability exceeding the peak of previous cycles. Micron Technology expects DRAM and NAND supply to remain tight through 2027. Guojin Securities believes that the supply in the storage industry is likely to remain constrained, and Micron Technology is expected to maintain high profitability. By advancing the signing of long-term agreements with downstream clients, Micron Technology is likely to reduce the cyclical fluctuations in its product shipment prices and mitigate the cyclicality of its performance. (Jin10)