SK hynix: "LTAs typically run for five years, but terms are flexibly managed by customer" [Earnings Call]

[Financial News] At its second-quarter earnings conference call on the 29th, SK hynix said that the contract period for long-term supply agreements (LTAs) is typically five years, but specific terms may vary depending on the customer and product.
It added that it is working with customers on a range of pricing structures to respond to market volatility. The company said it is focused on reducing short-term fluctuations and securing mid- to long-term business stability.
It also said that, in light of volatility in the memory market, its contracts include measures to strengthen execution, such as mid- to long-term purchase commitments and deposits. Based on LTAs, the company said it will secure demand visibility and operational flexibility for high-bandwidth memory (HBM) and manage stability and profitability in balance.

[email protected] Lee Dong-hyeok Reporter