Samsung Electronics Co. is considering extending memory chip contracts from quarterly or annual terms to three–five years to stabilize supply amid rising demand for AI components, co-CEO Jun Young-hyun told shareholders. The move lifted Samsung shares up 6.5% on the Korea Exchange, with Samsung C&T and Samsung Life Insurance rising 8.9% and 13%, respectively, marking a third consecutive session of gains.

2026-03-18

Samsung Electronics Co. is considering extending memory chip contracts from quarterly or annual terms to three–five years to stabilize supply amid rising demand for AI components, co-CEO Jun Young-hyun told shareholders. The move lifted Samsung shares up 6.5% on the Korea Exchange, with Samsung C&T and Samsung Life Insurance rising 8.9% and 13%, respectively, marking a third consecutive session of gains.