In a world where memory is no longer a commodity but a strategically valuable asset, customers are eager to sign long-term supply agreements (LTAs) with their suppliers to ensure a steady supply of 3D NAND and/or DRAM. Micron this week announced that it had signed 16 strategic customer agreements (SCAs), 14 of which are worth around $100 billion. Furthermore, the company expects to receive cash deposits and other commitments worth $22 billion, but has warned there is no foreseeable end in sight to the RAM crisis driving up PC component prices.

“14 of the 16 SCAs that we have signed have a cumulative revenue at minimum price per our contracts of approximately $100 billion over the remaining agreement term,” a statement by Micron reads. “Under the SCAs we have signed so far, we project to receive cash deposits and related financial commitments of $22 billion.”

Based on Micron’s claims, the company has about $100 billion of guaranteed baseline revenue already locked in under 14 of those 16 strategic customer agreements, assuming customers only buy the minimum committed volumes and only pay the minimum contract price. In reality, Micron can earn more if customers buy higher volumes or pay higher prices. Furthermore, Micron expects customers who signed these long-term SCAs to put up real money up front — or make equivalent binding financial commitments — as part of reserving future memory supply.

Micron claims it has signed strategic customer agreements with four 'very large customers' and three 'medium-sized customers,' which means that the contracts were inked with clients that previously did not commit to LTAs. The contracts are signed with a five-year term (except the automotive LTAs, which have a term of three years), from calendar 2026 to calendar 2030.

Micron claims that memory supply will be insufficient in 2027 and may improve gradually only in 2028. To that end, it is not surprising that its clients are willing to sign LTAs for 3D NAND and DRAM to ensure that they have enough memory for their products.

"With respect to supply, our customers are recognizing that supply shortages in memory and storage will take considerable time to improve," said Sanjay Mehrotra, chief executive of Micron, in prepared remarks. "Even as we expect industry supply to improve gradually in 2028, we currently do not have line of sight as to when memory supply will be able to catch up with increasing demand."

Normally, Micron and other memory producers inked LTAs with select clients only (read: with Apple, Nvidia). 16 LTAs is a lot for this kind of arrangement, and this looks like a business model shift for the company. It is noteworthy that the 16 signed contracts represent roughly 20% of Micron's DRAM volume and 33% of the company's NAND volume over the period through 2030. That said, Micron may sign more LTAs with more companies.

We're keeping a close eye on deals during Amazon Prime Day 2026 to find any RAM bargains to be had and adding them to the constantly-updated list below. RAM is expensive right now, but the brutal fact is that it is only going to get more expensive in the months ahead. Inflation on prices is making it hard to find value in the memory market, but there are some deals you can still buy. You might be holding off for the market to stabilize, but signs indicate this problem is going to get worse in 2027, not better. You can also find good deals, often yielding the lowest overall RAM pricing, if you check our Prime Day RAM bundle page. There, we list combo deals that involve buying multiple items, like a CPU, motherboard, and RAM together, that then yield lower overall pricing.

Because the RAM market is very volatile right now, these deals tend to move quickly, so it's a good idea to act sooner rather than later so you don't miss out on a great opportunity. We're updating this page constantly to keep the deals fresh, but you will have to act fast to snag the last deals on memory we will likely see for at least a year, if not longer.

We've put together a handpicked list of the best options to make your shopping easier. We carefully review offers from different retailers to find the best value for you, drawing on our extensive experience from thorough reviews, detailed benchmarks, and analysis of past prices. We keep a close eye on the latest RAM deals as they come up, highlighting the top choices we've found across various stores.

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DDR2 contract prices rose 55% to 60% in the second quarter of the year and are projected to climb another 35% to 40% in the third, according to research published this week by TrendForce, pushing the AI-driven memory shortage onto a standard that first shipped in 2003 and that the three largest DRAM makers stopped prioritizing years ago. The increases come from buyers redesigning products around older memory to secure supply, and from a split among the handful of remaining DDR2 suppliers, with Winbond reducing output as ESMT expands it.

The shortage hasn’t hit DDR2 directly, but Samsung, SK hynix, and Micron have steered wafer capacity toward HBM and server DRAM to feed AI infrastructure spending, thinning the supply of mature-node parts, including DDR4. As DDR4 tightened, OEMs and ODMs began specifying DDR3 in its place, and some DDR3 designs were reworked to use DDR2, with each tier of buyers chasing whatever generation it could still source. The result of this is shortages moving down through successive generations, something we saw unfolding back in March, when earlier data showed DDR3 and DDR2 prices rising 20% to 40% in a single month.

This continues the market inversion we’ve watched unfold throughout the year, as DDR4 climbed past DDR5 on price despite being slower and older, and in which module makers and motherboard vendors restarted DDR4 production after the big three had moved to wind it down.

Winbond and ESMT are the two main remaining sources of DDR2 components, and they’re responding to the squeeze in different ways. Winbond is gradually cutting DDR2 production to shift capacity toward higher-margin DDR3, DDR4, and LPDDR4, while ESMT is doing the reverse, concentrating its wafer allocation at foundry partner PSMC on DDR2 to capture the demand Winbond is tossing aside. Taiwanese suppliers, including Nanya, are already struggling to match the volume of orders migrating down from DDR4, and because new capacity depends on slow process migration, Winbond's withdrawal removes supply faster than ESMT can replace it.

Of course, today’s PCs don’t use DDR2, so we’re likely to see the impact of these price increases landing in areas like embedded systems, networking equipment, industrial controllers, automotive electronics, and other long-lived devices that were designed around it and are too costly to requalify on newer memory generations like DDR4 and five.

The spread of rising contract prices to DDR2 suggests that we’re staring down the barrel of a very long-term DRAM shortage. Contract prices across the wider market are still rising with no sign of levelling off, and meaningful new capacity isn’t expected until late 2027 at the earliest as a best-case scenario.