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Meta has entered into a long-term flash supply agreement with SanDisk and a memory supply agreement with Samsung.
BlockBeats News, July 9th, Meta has signed a long-term NAND Flash supply agreement with SanDisk and a memory supply agreement with Samsung to expand its AI infrastructure.
Meta plans to deploy 7GW of computing power this year and double it by 2027, making it crucial to secure memory and storage supply during the chip shortage.
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SanDisk's consumer business revenue has declined for three consecutive quarters.
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The Long-Term Agreement maintains the profit floor, with low capital expenditure and buybacks amplifying cash returns.
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24H Important News
2026-11-10
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